#BitcoinETF Market Surges with $887 Million Inflows Reflecting Renewed Investor Confidence
#Fidelity not messing around, big-time flows all around today for The Ten, nearly $1b in total. Second best day ever, since Mid-March. $3.3b in past 4wks, net YTD at $15b (which was top end of our 12mo est). The 'third wave' is turning into tidal wave.
#Fidelity’s #FBTC and #BlackRock’s #IBIT led the pack on Tuesday, drawing net inflows of $379 million and $274 million, respectively. These numbers highlight the increasing confidence of established financial institutions in the Bitcoin market. #Bloomberg ETF analyst #EricBalchunas encapsulated the day’s events, noting on X that “big-time flows all around.”
Investor Confidence Soars With $488M #Inflows Into US Bitcoin ETFs
U.S. spot bitcoin #ETFs have been enjoying a winning streak for 17 consecutive days, with $488.1 million in positive inflows recorded on Wednesday. This followed Tuesday’s record-setting inflow of $886.6 million.
Leading the pack on Wednesday, #Fidelity recorded $221 million, and as of June 6, 2024, #FBTC holds 173,715.33 BTC, valued at approximately $12.37 billion.
Currently, #ARKB’s bitcoin reserve is valued at $358 billion based on current #BTC exchange rates. #Bitwise’s #BITB fund now holds 38,106.02 BTC, worth $2.71 billion. #GBTC’s $15 million inflow brings the #Grayscale fund to approximately 285,458.14 BTC, currently valued at $20.36 billion. During Wednesday’s trading sessions, the #ETFs recorded $2.08 billion in trade volume.
What do you think about the spot #bitcoinETF action on Wednesday? Share your thoughts and opinions about this subject in the comments section below.
#Stimulus check update 2024 — #Americans set to receive payments worth up to $50,000 this summer – must meet 3 criteria
Recipients will be chosen in July, and the grant is expected to start being sent out on August 15.
Eligible participants who didn't apply missed out as the applications closed on April 24 at 5 pm central time.
Sneak Peek: Progressions 🥇
The Watch combines multiple genres, blending RTS functionality with Action and MOBA elements to bring something truly unique to gamers. Ranking through Elimination is key, but together Global Objectives must be met to prevent A.I. dominance (1/3)
We are the last stand against an enemy that has only one objective: Elimination.
Many of us trained for this moment, but few will survive the outcome.
When men and metal collide, who will break first?
🪂✨Clarifying airdrops and the aftermath of the Spawn Event (mint).
🛰️What's gonna happen after the Spawn Event.
Celestia is designed for a specific purpose, and high on-chain volume isn't one of them.
To ensure a smooth launch on Celestia, we're airdropping Punks in batches when the chain is cooled down.
☄️Why are we airdropping in batches?
This prevents network congestion and guarantees a great airdrop experience for everyone.
Shortly after the Spawn Event concludes, all Celestia Punks will be airdropped to all eligible users who meet our airdrop criteria.
💫What's next?
After that, the following weeks are only gonna get more exciting.
New original art Celestials projects.
Launchpad.
Marketplace.
You name it, we will do it.🤝
Oops.
Forgot to say, OG role closes post-mint.
4 chances remain.
Like, retweet, comment for a chance at 1 of 10 OG spots.
I would like to thank $W wormhole for putting their faith in the crypto community by Airdropping us tokens. As a badkid I will be diamond handing my bag.
#Airdrop#badkids#wormhole#NFT
Thank you Emmy for showering me with 4,000 Diamonds and getting me to shamelessly tweet this out. If you've collected Ethereum NFTs, all the way back to 2017, head to https://t.co/CXht2Cli44 to claim your taste of Diamonds on the best cross-chain rewards program.