Bitcoin ETFs see the second highest inflow day since March with 8866 million added

Bitcoin exchange-traded funds (ETFs) in the U.S. have recently seen a surge in net inflows, marking the second-highest day on record with a total of $886.6 million flowing in.
Leading the way was the Fidelity Wise Origin Bitcoin Fund (FBTC) with an inflow of $378.7 million, followed closely by Blackrock’s Bitcoin ETF (IBIT) with $274.4 million. The ARK 21Shares Bitcoin ETF (ARKB) also performed well, attracting $138.7 million in net inflows.
In a rare occurrence, the Grayscale Bitcoin Trust (GBTC) saw an inflow day, bringing in $28.2 million. This marks the seventh inflow day for GBTC since converting to a spot ETF earlier this year, despite facing significant net outflows totaling over $17.8 billion.
The high management fee of 1.5% for GBTC has been a factor contributing to these outflows, as it is higher compared to competitors like BlackRock, which charges 0.25%.
Other Bitcoin ETF issuers such as Invesco Galaxy, Franklin Templeton, WisdomTree, and Hashdex did not attract any demand on June 4, recording no net flows.
Overall, June 4 was a strong day for Bitcoin ETFs, marking the highest net inflow since March 12, when they received over $1.05 billion in total net inflows.
ETF Store president Nate Geraci responded to critics who doubted the demand for Bitcoin ETFs, questioning how the funds are still attracting significant inflows despite claims that all interested investors had already bought in.
Bloomberg ETF analyst Eric Balchunas also noted the positive momentum, highlighting the strong performance of Bitcoin ETFs excluding Hashdex’s fund.
In contrast, Hashdex’s Bitcoin ETF (DEFI) has struggled to attract inflows since entering the market later than other issuers.
Despite a slowdown in inflows in April, the surge in net inflows seen recently has been impressive, with BlackRock’s iShares Bitcoin Fund (IBIT) surpassing $20 billion in assets under management.
Balchunas emphasized the resilience of Bitcoin ETFs, noting that the ability to attract new money after market downturns demonstrates their staying power.
Following a period of negative inflows in April, the launch of Australia’s first spot Bitcoin ETF is anticipated to generate further interest in the growing market.