This marks the highest net inflows seen by the funds since March 12, when a record of $1.04 billion was achieved. Notably, bitcoin reached an all-time high of $73,679 a day later, on March 13.from Farside Investors, Fidelity’s FBTC ETF was in the lead, recording $378 million worth of inflows. BlackRock’s IBIT followed with $274 million in inflows, while the ARK 21Shares Bitcoin ETF was the third-best performer with $138.7 million.
GBTC has seen over $17.8 billion in net outflows, largely due to its high 1.5% management fees and narrowed discount, which caused many holders to exit. According to the Apollo Bitcoin Tracker, Grayscale’s Bitcoin fund initially held 620,000 BTC when the ETFs launched, but this has sinceMeanwhile, spot Bitcoin ETFs from Invesco Galaxy, Franklin Templeton, WisdomTree, and Hashdex did not see any demand on June 4, with each of these issuers recording no flows.
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