On June 4, 2024, U.S. exchange-traded funds (ETFs) for spot bitcoin experienced their second-largest influx of funds since their launch in January. The total amount of money invested was approximately $886.6 million, with Fidelity’s FBTC leading the way by capturing $379 million on that Tuesday.
Spot bitcoin ETFs have been consistently receiving daily inflows, and the trading session on Tuesday marked the 16th consecutive day of such inflows. On that day, these ETFs accumulated $886.6 million in investments, which was the second-highest amount since March 12, 2024. On that earlier date, the ETFs achieved $1.04 billion in positive inflows. The inflows on June 4 accounted for 85.25% of the peak positive gains seen on March 12.
Fidelity’s FBTC led the way in terms of inflows on Tuesday, with a total of $379 million. Blackrock’s IBIT followed closely with $274 million. Grayscale’s GBTC also secured $28 million in investments during the trading session. Other ETFs also received inflows, contributing to a total trading volume of $2.49 billion on Tuesday.
Currently, Blackrock’s IBIT holds the largest amount of bitcoin reserves, with 295,457.46 BTC valued at $20.96 billion. Grayscale’s GBTC comes next with 285,069.81 BTC worth $20.22 billion. After the significant inflows on Tuesday, Fidelity’s FBTC now possesses 165,232.89 BTC valued at approximately $11.72 billion based on current exchange rates.
Ark Invest’s and 21shares’ ETF ARKB now holds 49,298 BTC valued at $3.49 billion, while Bitwise’s BITB fund manages 37,844.39 BTC worth around $2.68 billion at current rates. Together, these five spot bitcoin funds hold 832,902.55 BTC valued at $59.10 billion. The remaining funds (BTCO, BTCW, HODL, BRRR, and DEFI) command 33,532.64 BTC worth approximately $2.3 billion. Overall, all 11 spot bitcoin ETFs in the United States hold 866,435.19 BTC, valued at over $61 billion.
What are your thoughts on the recent activity witnessed by U.S. spot bitcoin ETFs on Tuesday? Feel free to share your opinions and thoughts on this matter in the comments section below.
