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> 
<div class="cryptoboxes " data-realtime="on">
 <div class="coinmc-chart coinmc-trigger">
  <div class="cmc-row middle-md between-md">
   <div class="cmc-md-7 cmc-sm-12 cmc-xs-12">
    <ul class="coinmc-filter coinmc-chart-period">
     <li>
      <div class="coinmc-filter-label">
       Zoom
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-period="hour">
       Hour
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-period="day">
       Day
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-period="week">
       Week
      </div></li>
     <li>
      <div class="coinmc-filter-button active" data-period="month">
       Month
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-period="year">
       Year
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-period="all">
       All Time
      </div></li>
    </ul>
   </div>
   <div class="cmc-md-5 cmc-sm-12 cmc-xs-12 end-md start-sm start-xs">
    <ul class="coinmc-filter coinmc-chart-type">
     <li>
      <div class="coinmc-filter-label">
       Type
      </div></li>
     <li>
      <div class="coinmc-filter-button active" data-type="chart">
       <i class="fas fa-chart-line"></i> Line Chart
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-type="candlestick">
       <i class="fas fa-sliders-h"></i> Candlestick
      </div></li>
    </ul>
   </div>
  </div>
  <div class="cmc-row">
   <div class="cmc-md-12">
    <div class="chart-wrapper" data-config="{&quot;type&quot;:&quot;chart&quot;,&quot;coin&quot;:&quot;bitcoin&quot;,&quot;symbol&quot;:&quot;BTC&quot;,&quot;currency&quot;:&quot;USD&quot;,&quot;period&quot;:&quot;month&quot;,&quot;theme&quot;:&quot;light&quot;,&quot;smooth&quot;:true,&quot;areaColor&quot;:&quot;rgb(37,179,98, 0.8)&quot;,&quot;font&quot;:&quot;Saira&quot;,&quot;rate&quot;:1}"></div>
   </div>
  </div>
 </div>
</div> 
<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> 
<figure id="attachment_44005" aria-describedby="caption-attachment-44005" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/06/Untitled.png"><img loading="lazy" decoding="async" class="wp-image-44005 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/06/Untitled.png" alt="SoSoValue" width="1643" height="693" title="Bitcoin ETFs Record $105M Inflows, With Fidelity's FBTC As Leader 11" srcset="https://crypto.ro/en/wp-content/uploads/2024/06/Untitled.png 1200w, https://crypto.ro/en/wp-content/uploads/2024/06/Untitled-300x127.png 300w, https://crypto.ro/en/wp-content/uploads/2024/06/Untitled-1024x432.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/06/Untitled-768x324.png 768w, https://crypto.ro/en/wp-content/uploads/2024/06/Untitled-750x316.png 750w, https://crypto.ro/en/wp-content/uploads/2024/06/Untitled-1140x481.png 1140w" sizes="(max-width: 1643px) 100vw, 1643px"></a>
 <figcaption id="caption-attachment-44005" class="wp-caption-text">
  SoSoValue
 </figcaption>
</figure> 
<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

Table of Contents

crypto.ro global

Other articles published on Jun 4, 2024

StarkWare Bitcoin Scaling Solutions Now In Promotion

Is It Too Late To Buy MOTHER? Mother Iggy Price Surges 23% After Hitting New ATH As Analysts Say ...

Bitcoin, Ethereum, Solana, XRP, BNB, DOGE, AVAX, SHIB, TON and ADA Analysis! Which one is Bear an...

Thailand SEC Approves First Bitcoin ETF For Investors

Only 9% of Algorand (ALGO) Investors Are in Profit Amid Strong Holder Conviction

Dapper Labs Settles NFT Lawsuit for $4 Million

Join our free newsletter for daily crypto updates!