Bitcoin Spot ETFs have attracted $887 million in a single day, marking the second-highest daily inflow in history. The United States saw a significant influx of $886.75 million into spot exchange-traded funds on June 4, just shy of the record set on March 12 at $1.05 billion.
Fidelity’s FBTC led the way with $379 million in inflows, followed by BlackRock’s IBIT with $274 million, according to data from SoSoValue. The total net inflows for spot bitcoin ETFs now stand at $14.85 billion.
Various funds experienced inflows on Tuesday, with ARK Invest and 21Shares’ ARKB seeing $139 million, Bitwise’s BITB recording $61 million, and Grayscale’s GBTC attracting $28 million. VanEck and Valkyrie’s ETFs also saw modest inflows.
The streak of consecutive net inflows for the 11 spot bitcoin ETFs has now reached 16 days, falling just one day short of the longest positive flow streak from January to mid-February. Since their inception, spot Bitcoin ETFs have accumulated a total net inflow of $14.57 billion.
Despite the recent surge in inflows, the total volume of flows in U.S. spot Bitcoin ETFs remains below the peak seen in March. Bitcoin’s value briefly hit over $71,000 before trading around $70,800.
Analysts suggest that the current correction phase may be coming to an end, with long-term holders starting to accumulate Bitcoin again after selling off their holdings. Meanwhile, the United States is gearing up for the launch of spot Ethereum ETFs, with analysts estimating potential net inflows ranging from $3.1 billion to $4.8 billion in the first five months of trading.
In a separate development, Thailand’s One Asset Management (ONEAM) has become the first company to launch a Bitcoin ETF in the country, approved by the Thai Securities and Exchange Commission. The fund, named One Bitcoin ETF Fund of Funds, will cater exclusively to institutional investors and high-net-worth individuals, aligning Thailand with other countries that have embraced Bitcoin ETFs.
While ONEAM has received regulatory approval, MFC Asset Management is still awaiting clearance for its own Bitcoin ETF product. The global interest in cryptocurrency ETFs continues to grow, with various countries exploring regulatory frameworks to accommodate this emerging asset class.