Bitcoin

Time

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin is trading near $69k as BTC ETFs recorded inflows of $105 million yesterday.</li> 
 <li>June 3 was the 15th consecutive day of total net inflows in BTC ETFs with Fidelity’s FBTC as leader.</li> 
</ul> 
<p>Bitcoin is currently trading close to the important level of $69k, after surpassing $70,000 on June 3.</p> 
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<p>According to the latest reports coming from<a href="https://sosovalue.xyz/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank"> SoSoValue</a>, the total net inflows in Bitcoin ETFs was $105 million the other day.</p> 
<p>Here are the inflows and outflows recorded by the crypto products yesterday:</p> 
<ul> 
 <li>Fidelity’s Bitcoin ETF, FBTC, saw $77 million in inflows.</li> 
 <li>Ark Invest and 21Shares’ Bitcoin ETF, ARKB, recorded $11 million in net inflows.</li> 
 <li>Bitwise’s Bitcoin ETF, BITB, recorded $14 million in inflows.</li> 
 <li>VanEck’s Bitcoin ETF, HODL, recorded $2 million in inflows.</li> 
 <li>WisdomTree’s Bitcoin ETF, BTCW, recorded $1 million in inflows.</li> 
 <li>Grayscale’s Bitcoin ETF, GBTC, and BlackRock’s BTC ETF, IBIT, did not record any inflows or outflows.</li> 
</ul> 
<p>June 3 was the 15th consecutive day in which Bitcoin ETFs recorded net inflows.</p> 
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<p>The total net asset value of the Bitcoin ETFs was $59.4 billion, according to the same data.</p> 
<h2 id="may-recorded-2-billion-in-crypto-inflows-with-bitcoin-leading-the-way">May recorded $2 billion in crypto inflows with Bitcoin leading the way</h2> 
<p>Crypto funds marked a <a href="https://crypto.ro/en/news/may-records-2b-cryptocurrency-inflows-with-bitcoin-leading-the-way-coinshares-report/">fourth consecutive</a> week of inflows according to the latest reports. The final week of May saw $185 million in weekly inflows, with a total monthly inflow of $2 billion.</p> 
<p>This pushed the year-to-date capital inflow above $15 billion.</p> 
<p>Most of the weekly inflows came from the US, but, on the other hand, the reports also showed outflows of $260 million in the country.</p> 
<p>Most of the weekly inflows were in Bitcoin which recorded $148 million in investment flows. Short Bitcoin funds saw $3.5 million in weekly outflows. The monthly total in outflows was $12.5 million, which suggests that there is still a positive sentiment among Bitcoin investors.</p> 
<p>Bitcoin continues to remain surrounded by optimistic predicitons, with a<a href="https://crypto.ro/en/news/bitcoin-breakout-looks-inevitable-new-s2f-model-suggests-a-454k-price-target/"> breakout looking inevitable</a>, despite the latest political<a href="https://x.com/CynthiaMLummis/status/1796696370402791656" rel="nofollow" target="_blank"> events</a> in the US.</p>

Bitcoin ETFs Record $105M Inflows, With Fidelity’s FBTC As Leader

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