The Bitcoin ETF market saw a significant net inflow of $105 million on June 3, 2024, marking the 15th consecutive trading day of positive inflows. Fidelity’s [ccpw id=60415] ETF (FBTC) recorded the highest inflow of the day with $77 million. This substantial contribution played a pivotal role in the overall positive net inflow.
Grayscale (GBTC) and BlackRock (IBIT) experienced a zero net flow, indicating stable positions for these significant ETFs. Despite this, the overall market sentiment remains positive.
Australia Launches First Spot Bitcoin ETF
Adding to the market’s momentum, Australia’s first spot Bitcoin ETF began trading on June 3, 2024. This ETF, which holds Bitcoin directly, marks a significant development in the global cryptocurrency market, reflecting growing institutional interest and adoption.
The consistent positive net inflows into Bitcoin ETFs and the introduction of new ETFs like the one in Australia suggest a strong and sustained interest in Bitcoin among institutional investors. This trend will likely influence Bitcoin’s market dynamics in the coming months.
