Bitcoin ETFs Remain a Valuable Option for Cryptocurrency Investors
Spot Bitcoin ETFs continue to attract significant inflows, reflecting the overall positive market sentiment. While short-term expectations are important, long-term expectations also play a crucial role in investor preferences. Here are the latest figures.
Spot Bitcoin ETFs Figures
At the time of writing, Bitcoin, the leading cryptocurrency, was trading at $69,124. Yesterday, the price briefly broke the $70,000 level but couldn’t sustain it and retreated. When Bitcoin prices rise, there is usually increased activity in the ETF market. Yesterday’s data revealed some interesting insights.
Looking at the data, there has been a total inflow of $20 billion so far. However, there were no inflows to BlackRock or outflows from Grayscale, which is known for its outflows. Both ETFs recorded zero activity yesterday. In addition, Invesco, Franklin, Valkyrie, and Hashdex also recorded no activity, with no inflows or outflows.
Highlights of Yesterday’s Inflows
Yesterday, there was a total inflow of $105.12 million into Bitcoin ETFs. Fidelity led the way with a $77 million inflow, followed by Bitwise with $14 million, and Ark Invest with $11 million. VanEck’s Bitcoin ETF received a $2 million inflow, while WisdomTree’s Bitcoin ETF attracted a $1 million inflow. As of June 3, the total assets of spot Bitcoin ETFs stand at $59.42 billion, indicating high expectations for Bitcoin ETFs and suggesting a potential increase in BTC prices.
The graph above provides a visual representation of the figures, allowing investors to compare Spot Bitcoin ETFs and choose the most suitable investment tools. Factors to consider include net assets, daily and cumulative net inflows, trading volume, and fee ratios when making investment decisions. It is worth noting that the inflows into Bitcoin ETFs continue to grow steadily.
Stay updated with our latest news on Telegram, Facebook, Twitter & Coinmarketcap.
Disclaimer: The information provided in this article is not intended as investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and should conduct their own research.