Published On: Wed, 05 Jun 2024 09:08:16 GMT

Bitcoin crosses $71k as Tuesday sees $880M ETF Inflow

Jun 5, 2024

Author: Sahil Thakur

Bitcoin, $BTC, price crossed $71k on Tuesday, 4th June 2024 as it marked the best day of Bitcoin ETFs inflow since March.

This represented the largest inflow since March and the second-highest overall since the launch of 11 bitcoin ETFs in January.
U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) saw inflows exceeding $880 million on Tuesday, primarily driven by Fidelity, according to provisional data released on Wednesday.

Total ETF flows :

TOTAL NET FLOW: 886.6 (Provisional data)
IBIT: 274.4
FBTC: 378.7
BITB: 61
ARKB: 138.7
BTCO: 0
EZBC: 0
BRRR: 1.6
HODL: 4
BTCW: 0
GBTC: 28.2
DEFI: 0

(Data from Farside)

Bloomberg analyst Eric Balchunas mentioned on X that the ETFs have accumulated $3.3 billion over the past four weeks, with their year-to-date net inflows surpassing $15 billion.

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