Bitcoin spot ETFs are experiencing a resurgence in momentum, with consistent inflows for fifteen consecutive days. According to reports from analytics platform Sosovalue, BTC spot ETFs received a cumulative inflow of $105 million on June 3rd. Despite this overall boost, Grayscale’s ETF, GBTC, saw no net outflow per day, indicating a slump in market demand. However, Fidelity’s Bitcoin ETF and Bitwise’s BTC ETF both saw significant inflows.
Fidelity’s ETF, FBTC, received approximately $77.0482 million in inflows, while Bitwise’s BITB saw $14.3145 million in inflows. This rise in ETF inflows suggests a promising future for the market and has led to an increase in hype around the ETF sector.
On-chain analytics provider Lookonchain also provided data on BTC ETFs, revealing that nine ETFs held 2,413 $BTC tokens, equivalent to $166 million. Grayscale’s GBTC saw a decrease of 12 $BTC, amounting to -$809K. Lookonchain reported that GBTC currently holds 286,957 $BTC, worth almost $19.75 billion. Additionally, Blackrock added 2,505 $BTC, totaling $172.4 million, and now holds 291,563 $BTC, equivalent to $20.07 billion. Fidelity also added 87 $BTC, bringing its total holdings to 164,118 $BTC.
Overall, the BTC spot ETFs’ consistent inflows and promising market outlook highlight the growing interest in the ETF sector.