BTC ETFs in the U.S. have kicked off their fourth consecutive week on a positive note as BTC continues to consolidate.
As per Farside Investors, spot BTC ETF products in the U.S. saw $105.1 million in inflows on June 3, marking a strong start to the fourth week in a row. Among the inflows, Fidelity Wise Origin Bitcoin Fund (FBTC) led the way with $77 million. Bitwise Bitcoin ETF (BITB) and ARK 21Shares Bitcoin ETF (ARKB) followed with $14.3 million and $10.7 million in inflows, respectively.
VanEck Bitcoin Trust ETF (HODL) and WisdomTree Bitcoin Fund (BTCW) saw smaller inflows with $2 million and $1.1 million, respectively. The largest BTC ETF, iShares Bitcoin Trust (IBIT), remained neutral on June 3 with over $16.65 billion in net inflows since their U.S. launch. Grayscale Bitcoin Trust (GBTC) also reported $0 net flows.
Bitcoin ETFs have been consistently experiencing positive net flows since May 10, with only one day of $0 cumulative flows on May 27. This marks the second-longest positive streak, lasting 16 days, for BTC ETFs in the U.S., with the longest being 18 days between Jan. 26 and Feb. 20.
As for Bitcoin’s performance, the cryptocurrency has been hovering between $68,800 and $69,300 in recent days. It briefly reached a seven-day high of $70,230 around 13:50 UTC on June 3. At the time of writing, BTC is trading at $69,020, reflecting a 0.11% decline in the past 24 hours. Its market cap stands at $1.36 trillion, commanding a 50.4% dominance over the entire cryptocurrency market.
Data indicates that Bitcoin’s daily trading volume has surged by 30%, reaching $29.5 billion.
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