Bitcoin spot 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 day ever, totaling $886.7 million. The most successful day to date was on March 12th, with a daily net inflow of $1.05 billion. As of June 4th, these investment products have amassed a total net inflow of $14.85 billion and have seen only positive inflows since May 13th.

BlackRock’s iShares Bitcoin Trust (IBIT) leads the pack with the highest inflow since listing at $17 billion, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $9 billion. ARK 21Shares Bitcoin ETF (ARKB) comes in third with $3 billion, while Bitwise Bitcoin ETF (BITB) and Invesco Galaxy Bitcoin ETF (BTCO) follow closely with $2 billion and $317 million, respectively.

Since receiving approval from the U.S. Securities and Exchange Commission (SEC) in January, spot Bitcoin ETFs have continued to attract investor interest. Recent data from Bitcoin brokerage firm River reveals that 12 of the 25 largest US hedge funds now hold over $2.6 billion in Bitcoin ETF exposure, with 11 of the 25 Registered Investment Advisors (RIAs) also investing in the product.

According to 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 in their respective first quarters.

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