Bitcoin Spot ETFs Record $887M Inflow On Wednesday, Second-Highest Ever
Portfolio Pulse from Murtuza Merchant
Bitcoin spot ETFs recorded a net inflow of $887 million on June 4, marking the second-highest single-day net inflow in history. Grayscale, Fidelity, and BlackRock led the charge with significant inflows into their Bitcoin investment products. Year-to-date inflows have surpassed $15 billion, indicating a bullish market. Ethereum also saw positive inflows following the SEC approval of a spot-based Ethereum ETF.
June 05, 2024 | 10:27 am
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POSITIVE IMPACT
Ark Invest and 21 Shares recorded a $139 million inflow into their Bitcoin ETF.
The inflow into ARKB indicates positive investor sentiment, likely leading to a short-term increase in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Bitwise’s Bitcoin ETF netted a $61 million inflow, showing growing investor interest.
The inflow into BITB suggests growing investor interest, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Fidelity’s Wise Origin Bitcoin Fund recorded a $379 million inflow, the highest among the mentioned ETFs.
The substantial inflow into FBTC indicates strong investor confidence, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Grayscale’s Bitcoin Investment Trust saw an inflow of $28.19 million, indicating strong investor interest.
The significant inflow into GBTC suggests strong investor confidence and interest in Bitcoin, likely driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BlackRock’s iShares Bitcoin Trust saw an inflow of $274 million, reflecting strong investor interest.
The significant inflow into IBIT suggests strong investor confidence, likely driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85