Bitcoin spot ETFs are gaining momentum once again, with reports indicating a cumulative inflow of $105 million on June 3rd. This marks fifteen consecutive days of inflows, according to data from the analytics platform Sosovalue.
GBTC, the exchange-traded fund operated by Grayscale, saw no net outflow per day. Meanwhile, Fidelity’s Bitcoin ETF led the pack with significant inflows of around $77.0482 million, as reported by Wu Blockchain. Bitwise’s BTC ETF also experienced inflows, with BITB seeing $14.3145 million in total.
Despite Fidelity and Bitwise’s strong performance, Grayscale’s stagnant inflow status suggests a decline in market demand. Nevertheless, the overall increase in ETF inflows indicates a promising future for the market, fueling excitement around the ETF sector.
On-chain analytics provider Lookonchain shared data on BTC ETFs, revealing that nine ETFs added 2,413 BTC worth $166 million. Grayscale’s GBTC saw a decrease of 12 BTC worth -$809K, bringing its total holdings to 286,957 BTC valued at $19.75 billion.
Additionally, Lookonchain noted that Blackrock added 2,505 BTC worth $172.4 million, holding a total of 291,563 BTC valued at $20.07 billion. Fidelity also added 87 BTC, increasing its holdings to 164,118 BTC.
Overall, the ETF sector is experiencing a surge in inflows, indicating a positive outlook for the market’s future growth.