On June 4, Bitcoin spot ETFs saw a net inflow of $886.75 million, the second-highest intraday netflow in history, led by Fidelity’s $379 million and BlackRock’s $274 million.
According to data from sosovalue, several top-performing Bitcoin spot ETFs contributed to this capital flow. Leading the pack was the Fidelity Wise Origin Bitcoin Fund (FBTC), which attracted a substantial $379 million. FBTC reported a slight premium/discount of +0.14% and holds a net asset value (NAV) of $12.01 billion.
BlackRock’s iShares Bitcoin Trust (IBIT) recorded an inflow of $274 million. Meanwhile, the Grayscale Bitcoin Trust (GBTC) saw an inflow of $28.20 million. This marked GBTC’s first net inflow since May 20. The ETF had been witnessing outflows and zero flows since May 20, especially seeing a massive $134 million outflow on May 31.
Other significant ETFs include the Ark 21Shares Bitcoin ETF (ARKB) and the Bitwise Bitcoin ETF (BITB). ARKB had an inflow of $139 million, while BITB attracted $61 million. Other Bitcoin spot ETFs saw negligible capital inflows, with no product recording an outflow. The last time this occurred was on May 24.
Cumulative Net Assets and Market Participation
The cumulative net assets of all Bitcoin spot ETFs reached $61.46 billion as of June 4, reflecting a 4.43% increase. The total value traded amounted to $2.78 billion, demonstrating active participation and confidence in the market.
The market prices of the top ETFs showed positive daily changes due to Bitcoin’s recent recovery, as it pushed above $70,000. GBTC closed at $62.62 with a daily change of +1.80%. IBIT saw a market price of $40.17, reflecting a daily change of +1.85%. FBTC was priced at $61.67, also showing a daily change of +1.85%.
The crypto community remains engaged in discussions about which cryptocurrency will next secure an ETF spot, following the U.S. SEC’s approval of Ethereum-based ETFs. A recent survey revealed that 63% of participants believe XRP is the most likely candidate, followed by 25.9% supporting Solana, and 11.1% voting for other cryptocurrencies.
It is crucial to note that the BlackRock’s IBIT product had briefly surpassed the Grayscale’s GBTC as the largest Bitcoin ETF, as highlighted by Arkham Intelligence on May 29.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
