Spot Bitcoin exchange-traded funds (ETFs) are gaining momentum, according to data from crypto research platform SoSo Value. On June 4th, spot Bitcoin ETFs experienced their second-highest inflow ever, totaling $886.7 million for the day. The all-time high was recorded on March 12th, with a daily net inflow of $1.05 billion.

As of June 4th, spot Bitcoin ETFs have accumulated a total net inflow of $14.85 billion, with positive inflows observed since May 13th. Among the top performers are BlackRock’s iShares Bitcoin Trust (IBIT) with $17 billion in inflows, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $9 billion. ARK 21Shares Bitcoin ETF (ARKB) ranks third with $3 billion, trailed by Bitwise Bitcoin ETF (BITB) and Invesco Galaxy Bitcoin ETF (BTCO) with $2 billion and $317 million, respectively.

Following approval from the U.S. Securities and Exchange Commission (SEC) in January, spot Bitcoin ETFs have continued to attract investor attention. Recent data from Bitcoin brokerage firm River reveals that 12 of the largest US hedge funds now hold a collective Bitcoin ETF exposure exceeding $2.6 billion. Additionally, eleven of the 25 Registered Investment Advisors (RIAs) have also invested in the product.

According to insights from crypto intelligence platform K33 Research, the number of professional firms investing in Bitcoin ETFs in the first quarter of the year surpassed those investing in gold ETFs during the same period.

Stay informed by subscribing to receive email alerts directly to your inbox and monitoring price action on X, Facebook, and Telegram. Don’t miss out on The Daily Hodl Mix.

Disclaimer: The opinions expressed on The Daily Hodl are not financial advice. Investors should conduct their own research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. All transfers and trades are undertaken at the investor’s own risk, and any resulting losses are their responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets and is not an investment advisor. Please be aware that The Daily Hodl engages in affiliate marketing.