Bitcoin Spot ETFs Surge with 17 Straight Days of Inflows, Reaching $15.3 Billion YTD

Bitcoin spot exchange-traded funds (ETFs) continue to attract significant investments, posting a record 17th consecutive day of net inflows on June 5, totaling $488 million, bringing the year-to-date net inflow to an impressive $15.338 billion. The cumulative inflow highlights the growing institutional adoption and investor confidence in Bitcoin. Notable individual ETFs saw significant inflows: Grayscale's GBTC ($14.58 million), Fidelity's FBTC ($221 million), BlackRock's IBIT ($155 million), and Ark Invest's ARKB ($71 million). QCP Capital reports that Bitcoin ETFs continue to attract bullish sentiment, with increased call buying activity and speculation of potential rate cuts. However, Ethereum's performance lags behind Bitcoin due to the delayed approval for spot ETFs. Analysts anticipate Ethereum's outperformance once the ETF begins trading, suggesting Ethereum accumulation at a discount for future appreciation.