Inflows into U.S. spot Bitcoin ETFs reached $886.6 million in a single trading day.
According to Farside data, U.S. spot Bitcoin ETFs recorded inflows of $886.6 million yesterday. This amount is the second highest since the launch, after the record set on March 12, when inflows reached $1.04 billion.
Fidelity‘s FBTC led the inflows with $378.7 million. Following that, BlackRock‘s IBIT saw inflows of $274.4 million, while ARK 21Shares‘ ARKB accumulated $138.7 million. The Grayscale Bitcoin Trust (GBTC) also recorded inflows of $28.2 million.
Over the past 15 trading days, Bitcoin ETFs have seen total inflows of nearly $2.40 billion.
Eric Balchunas, Bloomberg’s ETF analyst, highlighted the considerable flows for most Bitcoin ETFs, stating:
Also on June 4, in an interview with CNBC, Matt Horne, head of digital assets at Fidelity Investments, stated that investors should allocate at least a small portion of their portfolios to bitcoin, regardless of their opinion on the asset.
Horne suggested exploring the potential of the technology by allocating a small percentage of the portfolio to bitcoin, usually between 1% and 5%. Such a limited exposure would minimize risks in the event of a crash but would allow benefiting from the potential gains of bitcoin as a store of value and hedge against inflation, according to Horne.
