Bitcoin ETFs: Rekordinflows of 886.6 million US dollars on June 4th – Winners and Losers in the ETF World
Bitcoin ETFs are experiencing a historic moment with record inflows totaling 886.6 million US dollars on June 4th. This extraordinary development is creating a positive atmosphere in the market and shedding light on the growing interest in cryptocurrencies, particularly in Bitcoin. These inflows mark a milestone in the still young history of Exchange Traded Funds on Bitcoin.
The largest inflow was recorded in Fidelity’s ETF, which attracted a proud 378.7 million US dollars. The Fidelity Wise Origin Bitcoin Fund (FBTC) has seen particularly strong investments from investors. In second place is BlackRock’s iShares Bitcoin Trust (IBIT) with 274.4 million US dollars, followed by the Ark 21Shares Bitcoin ETF (ARKB) with 138.7 million US dollars. Even the Grayscale Bitcoin Trust (GBTC), which previously experienced outflows, received additional inflows of 28.2 million US dollars.
These positive developments are not only influencing the ETFs themselves, but also the prices of cryptocurrencies. The Bitcoin ETFs are contributing to the overall market benefiting from the performance. Currently, Bitcoin is trading at $71,000, representing a 3.40% increase. The distance to the all-time high is only 3.55%, indicating a positive momentum in the market.
The recent inflows represent the second-highest since March 12, when 1.04 billion US dollars flowed into Bitcoin ETFs. It is interesting to observe how the inflows are affecting the prices and investors’ trust in cryptocurrencies. The record inflows reflect the growing interest and increasing acceptance of Bitcoin and other cryptocurrencies.
It is important to mention that not all ETFs were able to benefit from the inflows. The Bitcoin ETFs from Invesco Galaxy, Franklin Templeton, WisdomTree, and Hashdex currently did not see any inflows. However, the current developments showcase the strength and potential of Bitcoin ETFs, which are among the most successful Exchange Traded Funds in the financial world.
Nate Geraci, the head of ETFStore, commented on Twitter regarding critics who claimed that interest in ETFs was declining. However, the new record inflows tell a different story and clearly indicate the rising interest and trust of investors in Bitcoin and cryptocurrencies.
Overall, the record inflows in Bitcoin ETFs mark a milestone in the development of the cryptocurrency market, showing that digital assets are playing an increasingly important role in the traditional financial system. The positive sentiment and growing investor confidence could potentially direct further investments into the cryptocurrency sector, thus strengthening the market capitalization even further.
