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CryptoIntelligence 2024-06-07 06:25:19

Spot Bitcoin ETFs See $488 Million Inflows Despite Low Retail Interest, Google Data Shows

United States-based spot Bitcoin exchange-traded funds (ETFs) experienced significant inflows of $488.1 million on June 5. However, data from Google indicates that public interest in these ETFs remains low compared to the 2021 bull run, suggesting that retail investors have yet to re-enter the market. On June 4, the ETFs saw their second-highest inflow day, totaling $886.6 million. The following day, inflows were approximately half that amount, with the Fidelity Wise Origin Bitcoin Fund contributing the largest portion at $220.6 million, according to Farside Investors data. BlackRock’s iShares Bitcoin Trust followed with $155.4 million, and the Grayscale Bitcoin Trust, despite

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