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ETF Bitcoin Spot Sets Second Highest Inflow Record in History - Bitcoin "Jumps"

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— 2 min read
ETF Bitcoin Spot Sets Second Highest Inflow Record in History - Bitcoin "Jumps"

Over $887 million flowed into U.S.-based Bitcoin Spot ETF products during yesterday's trading session.

The U.S. Bitcoin Spot ETF saw enthusiastic reception on June 4th, marking its highest inflow in the past two months and its second highest since inception.

$BTC ETFs

+$887.1m net inflows today

Largest net inflow day since March 12th

Second highest net inflow day since inception pic.twitter.com/H5kCSnhxks— #333kByJuly2025 (@CarpeNoctom) June 5, 2024
The latest trading session recorded over $887 million pouring into funds, notably with no funds selling out. Specific details include:

  • Fidelity (FBTC): Purchased $378.7 million
  • BlackRock (IBIT): Purchased $274.9 million
  • Ark & 21Shares (ARKB): Purchased $138.7 million
  • Bitwise (BITB): Purchased $61 million
  • Grayscale(GBTC): Purchased $28.2 million
  • Valkyrie (BRRR): Purchased $1.6 million
  • VanEck (HODL): Purchased $4 million
  • Galaxy Digital (BTCO): 0
  • Franklin(EZBC): 0
  • WisdomTree (BTCW): 0
  • Hashdex (DEFI): 0

Funds flow for Bitcoin Spot ETF products, IBIT data not updated. Source: Farside Investors (05/06/2024)

The continuous positive flow into Bitcoin Spot ETFs over 15 trading days marks a significant achievement, especially following a period of sideways and negative trends.

In just the past month, spot ETFs accumulated an additional $2.4 billion in assets, according to Bloomberg Intelligence. This represents the third largest net cash flow across all ETF markets, pushing the year-to-date total to approximately $15 billion.

Commenting on this milestone, Bloomberg ETF expert Balchunas wrote on X:

"The ability to bounce back with renewed interest after a couple of severe sell-offs is rare for hot sauce type strategies. This demonstrates enduring strength."
The bitcoin ETFs on a 15-day inflow streak, pulled in $2.4b in the past month (only two ETFs have taken in more $SPY & $VOO). YTD net +$14b. The ability to bounce back w/ renewed interest after a couple nasty selloffs is rare for hot sauce type strategies. Shows staying power. pic.twitter.com/TolLWCbsqq— Eric Balchunas (@EricBalchunas) June 4, 2024
*In this context, "hot sauce" can be understood as high-risk investment strategies that may yield high profits but are prone to significant volatility.

Average daily net inflows reached $140 million, according to Farside Investors data. Since May 16th, IBIT alone has gathered $1.1 billion, maintaining its position as the strongest ETF in the market. As of yesterday, IBIT holds 291,563 Bitcoins - equivalent to $20.15 billion.

Corresponding to the substantial capital flow, it's no surprise to witness Bitcoin prices surging to $71,275, up more than 2% over the past 24 hours.

Hourly chart of BTC/USDT pair on Binance as of 10:15 AM on June 5, 2024

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