Bitcoin ETF Breaks Out Strongly After Three Days of Decline, Ether ETF Sees 12th Consecutive Day of Inflows
The strong comeback of crypto ETFs comes amid a strong recovery in investor sentiment, with Bitcoin ETF attracting over $378 million in a single day, while Ether ETF continues its impressive rally with a 12-day streak of inflows.
After three consecutive sessions of outflows, the Bitcoin ETF market roared back on June 3, attracting a total of $378.04 million in inflows, indicating a strong recovery in investor confidence.
Ark 21Shares Bitcoin ETF (ARKB) led the way with $139.93 million, closely followed by Fidelity’s FBTC with $136.83 million. These two funds accounted for more than 70% of the total net inflows, reflecting the growing interest of institutions in investing in the world's leading digital assets.
Not far behind, BlackRock's IBIT continued to maintain its position as a "capital magnet" with $57.97 million in inflows, while VanEck's HODL attracted $18.79 million. Other funds such as BITB (Bitwise), Bitcoin Mini Trust (Grayscale) and BRRR (Valkyrie) also contributed positively to the overall rally with $14.46 million, $7.06 million and $3.01 million, respectively.
No Bitcoin ETF recorded outflows on the day - a rare and notable sign, demonstrating a consensus on the bullish trend from institutional investors.
Bitcoin ETFs totaled $2.87 billion in trading volume, while net assets under management (AUM) rose to $128.13 billion, reasserting Bitcoin’s leadership in the digital asset ETF space.
Ether ETFs: 12th Consecutive Day of Increased Inflows, Investor Confidence Remains Strong
In tandem with Bitcoin’s recovery, Ether ETFs continued to score, attracting an additional $109.43 million in inflows – marking the 12th consecutive day of positive inflows.
Leading the group was BlackRock’s ETHA with $77.06 million, followed by Fidelity’s FETH with $20.97 million. Grayscale’s Ether Mini Trust and Franklin Templeton’s EZET also made positive contributions with $8.41 million and $2.99 million, respectively.
Ether ETFs traded $472.5 million, pushing the group’s total net assets to $9.81 billion – a testament to growing interest in Ethereum amid continued bullish expectations for spot ETFs.
Is the Cryptocurrency ETF Market Back on Track?
In total, Bitcoin and Ether ETFs attracted over $487 million in net inflows in a single trading day, signaling a clear return of optimism and institutional capital after a short-term correction.
Amid expectations for softer monetary policy and the potential for widespread approval of a spot Ethereum ETF, investors are clearly preparing for a new phase of growth in the digital asset market.