\n
![](\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MTc5Mjk3ODU2NDEwNjkxMjY3\/wall-street-blockchain-alliance-launches-educational-platform-for-financial-markets.jpg\")
<\/p>\n [ad_1]
\n<\/p>\n
U.S. spot Bitcoin exchange<\/a>-traded funds (ETFs) saw their second-highest daily inflow ever on Tuesday, taking in over $886 million. This marks the largest single-day haul for the funds since March.<\/p>\n NEW: \ud83c\uddfa\ud83c\uddf8 #Bitcoin<\/a> ETFs saw $886 million in inflows yesterday, the 16th straight day of inflows. <\/p>\n We are so back \ud83d\ude4c pic.twitter.com\/Er2KDgXr9E<\/a><\/p>\n — Bitcoin Magazine (@BitcoinMagazine) June 5, 2024<\/a><\/p><\/blockquote>\n The ETFs have now seen 16 straight days of inflows, sparking talk of a “second wave” of demand. Fidelity’s<\/a>\u00a0Wise Origin Bitcoin Fund led inflows with $378.7 million, followed by BlackRock’s iShares Bitcoin Trust at $274.4 million.<\/p>\n In total, the spot Bitcoin ETFs<\/a> hold over $60 billion worth of BTC. Analysts cite renewed institutional interest and Bitcoin’s price resurgence back above $70,000 as drivers of the latest wave of inflows.<\/p>\n It’s the highest daily intake for the funds since March 12, when they took in a record $1.04 billion. The next day, Bitcoin went on to hit an all-time high of $73,679, showing the potential impact of the inflows.<\/p>\n The Grayscale Bitcoin Trust<\/a> also saw a rare inflow day of $28.2 million, just the seventh since converting to a spot ETF in January. It joins the renewed enthusiasm despite bleeding funds for most of the year.<\/p>\n With major firms like Fidelity and BlackRock spot Bitcoin ETFs now holding tens of billions in assets, the infrastructure for institutional Bitcoin investment continues maturing.<\/p>\n The latest inflow wave follows Australia<\/a>, the U.K.<\/a>, and Thailand’s<\/a> recent approval and listing of Bitcoin-regulated funds. With the regulatory climate warming worldwide, Bitcoin ETFs are attracting capital once again.<\/p>\n\n