Key Takeaways
- Bitcoin ETFs have seen nearly $2.40 billion in inflows over the past three weeks.
- Fidelity's Bitcoin ETF led the inflows with $77 million on June 3.
- Rising global liquidity and increased M2 money supply are boosting Bitcoin prices.
Bitcoin ETFs are seeing significant investor interest, with nearly $2.40 billion in inflows over the past three weeks.
On June 3 alone, these ETFs attracted $105 million in positive flows, continuing a 15-day streak of net inflows.
FBTC leads
Fidelity’s Bitcoin ETF, FBTC, led the way with $77 million, while Bitwise’s BITB and Ark21Shares’ ARKB recorded $14 million and $10 million, respectively.
Experts attribute these inflows to rising global liquidity, which boosts Bitcoin prices by enhancing market sentiment.
Commentators chime in
Bitcoin analyst Willy Woo highlights that increased M2 money supply typically correlates with a rise in Bitcoin’s value, as investors seek alternatives to fiat currencies during inflationary periods.
Bitfinex analysts reported an average daily inflow of $136 million over the past two weeks, quadrupling the $32 million daily sell pressure from miners.
