US spot bitcoin ETFs see $105 million in daily inflows, extending positive streak to 15

Funds
• June 4, 2024, 1:07AM EDT

Published 1 minute earlier on

UPDATED: June 4, 2024, 1:31AM EDT

U.S. spot bitcoin exchange-traded funds recorded their 15th consecutive day of net inflows on Thursday, adding $105.12 million.

The 11 ETFs have collectively drawn in over $2.28 billion worth of inflows during the period. The cumulative total net inflows till date stand at $13.96 billion.

Fidelity’s FBTC led the inflows with $77 million, according to data from SoSoValue. Bitwise’s BITB recorded net inflows of $14 million, while Ark Invest and 21Shares’ ARKB added $11 million.

The two largest spot bitcoin ETFs from BlackRock and Grayscale both recorded no flows on Monday. VanEck and WisdomTree’s spot ETFs reported minimal inflows of under $2 million.

The 15-day consecutive inflows from the U.S. spot bitcoin ETFs mark the second longest positive streak since their debut, only behind the 17 straight days of net inflows that started in January.

Meanwhile, the total volume of flows in the U.S. spot bitcoin ETFs remained significantly lower than their peak in March, The Block’s data dashboard showed.

In related news, global crypto investment products took in over $2 billion worth of funds last month, which lifted year-to-date net inflows over $15 billion, according to CoinShares’ latest report.

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