Bitcoin spot exchange-traded funds (ETFs) continued their impressive streak of net inflows on June 5, attracting a total of $488 million.
What Happened: This marks the 17th consecutive day of positive inflows for these investment vehicles, according to data from SoSo Value.
This brings the historical cumulative net inflow of Bitcoin spot ETFs to $15.338 billion.
Individual ETFs such as Grayscale‘s (OTC:GBTC) saw a single-day inflow of $14.5802 million, Fidelity‘s (BATS:FBTC) recorded $221 million, and BlackRock‘s (NASDAQ:IBIT) achieved $155 million in inflows. Ark Invest’s (BATS:ARKB) saw a $71 million inflow.
QCP Capital reported that Bitcoin ...