On June 3, 2024, the Bitcoin ETF market experienced a significant net inflow of $105 million, marking the 15th consecutive trading day of positive inflows. Fidelity’s ETF (FBTC) recorded the highest inflow of the day with $77 million, making a substantial contribution to the overall positive net inflow.
Grayscale (GBTC) and BlackRock (IBIT) both experienced a net flow of $0, indicating stable positions for these significant ETFs. However, despite this, the overall market sentiment remains positive.
In addition to these developments, Australia launched its first spot Bitcoin ETF on June 3, 2024. This ETF directly holds Bitcoin, representing a significant milestone in the global cryptocurrency market and reflecting the growing institutional interest and adoption of Bitcoin.
The consistent positive net inflows into Bitcoin ETFs and the introduction of new ETFs like the one in Australia demonstrate a strong and sustained interest in Bitcoin among institutional investors. This trend is expected to influence Bitcoin’s market dynamics in the coming months.
Tags: BTC, ETF
