The US Bitcoin spot ETF (Exchange Traded Fund) recorded 16 consecutive days of net capital inflows yesterday. The recent inflow of funds, coupled with the rise in Bitcoin prices, has pushed the management assets of BlackRock’s “iShares Bitcoin Trust Fund” (IBIT) to exceed $20 billion for the first time.
According to information shared by Bloomberg ETF analyst Eric Balchunas, in the past month, the Bitcoin spot ETF has attracted approximately $2.4 billion in new funds, ranking third in the overall US ETF market. Balchunas stated in a tweet on X:
Since the initial frenzy of the spot ETF launch, capital inflows have significantly slowed down, with even a few days of outflows in April, which experts said was a normal phenomenon. However, starting from May 16th, the ETF has resumed continuous net inflows, averaging $140 million per day. According to data from Farside Investors, during this period, of the top ten funds led by IBIT, IBIT attracted $1.1 billion in funds, showing the strongest performance. As of yesterday, IBIT held 291,563 bitcoins, valued at $20.15 billion.
June 5, 14:00 Update: According to preliminary data from Farside Investors, the net capital inflow of the US Bitcoin spot ETF on Tuesday (June 4th) totaled $886 million, marking 16 consecutive trading days of net inflows and setting a new historical record.
The Bitcoin spot ETF with the highest net inflow amount yesterday was Fidelity’s FBTC, approximately $378 million, followed by BlackRock’s IBIT with $274 million. Grayscale’s GBTC also saw net inflows of $28.2 million.
Source: Farside Investors