Bitcoin ETF on a Roll with 15 Days of Continuous Gains

$Bitcoin(BTC.CC)$ The numbers don’t lie: Bitcoin spot ETFs are experiencing a period of uninterrupted gains. Data from the analysis platform Sosovalue reveals cumulative inflows reaching up to $105 million on June 3rd, marking fifteen consecutive days of inflows. This phenomenon is significant as it reflects renewed investor confidence in the crypto market.

However, not all players are in the same boat. $Grayscale Bitcoin Trust(GBTC.US)$ , the fund operated by Grayscale, has maintained a flat performance with a net outflow of $0.00 per day. In contrast, $Fidelity Wise Origin Bitcoin Fund(FBTC.US)$ Fidelity and Bitwise stand out with massive inflows. Fidelity, with its Bitcoin ETF, recorded an impressive inflow of approximately $77.0482 million, while Bitwise accumulated inflows of $14.3145 million for its $Bitwise Bitcoin ETF(BITB.US)$.
Despite Grayscale’s apparent stagnation, the overall trend of ETF flows indicates growing demand in the market. This movement demonstrates the increasing interest of both institutional and individual investors in gaining exposure to Bitcoin through more traditional financial vehicles.