Spot Bitcoin (BTC) exchange-traded funds (ETFs) are on a roll.
Data from crypto research platform SoSo Value shows that spot, Bitcoin ETFs had their second-largest day ever on June 4 with daily total net inflows of $886.7 million.
The most successful day to date was on March 12, when daily total net inflows reached $1.05 billion.
The investment product already had a cumulative total net inflow of $14.85 billion on June 4 and has only seen positive inflows since May 13.
BlackRock’s iShares Bitcoin Trust (IBIT) has the highest inflows since listing at $17 billion, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) at $9 billion. ARK 21Shares Bitcoin ETF (ARKB) is third with $3 billion, followed by Bitwise Bitcoin ETF (BITB) and Invesco Galaxy Bitcoin ETF (BTCO) with $2 billion and $317 million, respectively.
Spot Bitcoin ETFs have continued to attract investor interest since receiving the green light from the U.S. Securities and Exchange Commission (SEC) in January.
New data from Bitcoin brokerage firm River indicates that 12 of the 25 largest US hedge funds now collectively have more than $2.6 billion in Bitcoin ETF exposure. Eleven of the 25 Registered Investment Advisors (RIAs) also invest in the product.
According to crypto intelligence platform K33 Research, the number of professional firms investing in Bitcoin ETFs in the first three months of the year exceeded the number of firms investing in gold ETFs in the first quarter.
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