On June 4, 2024, the exchange-traded funds (ETFs) for spot bitcoin in the United States experienced a significant increase in investments, marking the second-largest day of inflows since their launch in January. The total amount of inflows reached approximately $886.6 million, with Fidelity's FBTC leading the way by capturing $379 million on that day.
The spot bitcoin ETFs have been consistently attracting daily inflows, and Tuesday's trading session marked the 16th consecutive day of increased investments. On that day, the ETFs received $886.6 million in inflows, which is the second-highest amount since March 12, 2024. Back in March, the ETFs achieved $1.04 billion in positive inflows. The inflows on June 4 accounted for 85.25% of the peak gains observed on March 12.
Fidelity's FBTC took the lead in terms of inflows on Tuesday, accumulating $379 million. It was followed by Blackrock's IBIT with $274 million. Grayscale's GBTC also secured $28 million in inflows during the trading session. Other ETFs also saw increased investments, contributing to a total trade volume of $2.49 billion on Tuesday.
Currently, Blackrock's IBIT holds the largest amount of BTC reserves, with 295,457.46 BTC valued at $20.96 billion. Grayscale's GBTC follows closely with 285,069.81 BTC worth $20.22 billion. After the significant inflows on Tuesday, Fidelity's FBTC now possesses 165,232.89 BTC valued at approximately $11.72 billion based on current exchange rates.
Additionally, Ark Invest's and 21shares' ETF ARKB currently holds 49,298 BTC valued at $3.49 billion, while Bitwise's BITB fund manages 37,844.39 BTC worth around $2.68 billion at the present rates. Collectively, these five spot bitcoin funds hold 832,902.55 BTC valued at $59.10 billion. The remaining funds (BTCO, BTCW, HODL, BRRR, and DEFI) command 33,532.64 BTC worth approximately $2.3 billion. In total, all 11 spot bitcoin ETFs in the United States hold 866,435.19 BTC, which is valued at over $61 billion.
What are your thoughts on the recent developments witnessed by the U.S. spot bitcoin ETFs on Tuesday? Feel free to share your opinions and insights on this matter in the comments section below.