NEW YORK, June 4, 2024 — On June 4, Bitcoin exchange-traded funds (ETFs) achieved a landmark day, registering a total of $886.6 million in inflows. This significant amount makes it the second-largest single-day inflow since the inception of Bitcoin ETFs, trailing only behind March 12, which recorded over $1 billion in inflows. Remarkably, June 4 stands out as the largest day of inflows ever recorded without any U.S. ETF, including Grayscale's GBTC, experiencing an outflow.

Leading the charge was Fidelity's FBTC, which saw an impressive $378.7 million in inflows. This surge represents the ETF's largest single-day inflow since March 7, further elevating Fidelity's total net inflow to $9.3 billion. BlackRock's IBIT also made a substantial contribution, securing $274.4 million in inflows and pushing its total net inflow to a robust $17 billion. Bitwise's BITB saw $61 million in inflows, bringing its total assets under management to $2 billion. Additionally, Ark's ARKB reported a $138.7 million inflow, which increased its total to $2.6 billion. Grayscale's GBTC, despite seeing a $28.2 million inflow, continues to reflect a total net outflow of $17.9 billion. Collectively, Bitcoin ETFs have now attracted an astounding total net inflow of $15 billion, as per Farside data.

According to Heyapollo data, the $886.6 million inflow translates to approximately 12,590 Bitcoin, with Fidelity's FBTC alone accounting for 5,374 BTC. This influx underscores the growing investor interest and confidence in Bitcoin ETFs.

Furthermore, U.S. Bitcoin ETFs have now experienced 16 consecutive trading days of positive inflows. If the trend continues for just one more day, it will match the current record for the longest streak of consecutive inflow days. This ongoing momentum reflects a strong and sustained interest in Bitcoin investment products, signaling robust market participation and investor confidence in the cryptocurrency sector.