U.S. spot Bitcoin ETFs absorbed 517.2 million dollars in net inflows on Wednesday, marking the largest single-day haul since May 4. BlackRock dominates the market with its IBIT product accounting for over 70 percent of daily flows. These inflows come as Bitcoin has recovered to the 64,000 to 65,000 dollar range. In May, a nine-day consecutive inflow streak totaled approximately 2.7 billion dollars. These products, launched in January 2024, have become one of the most successful ETF launches in history, providing institutional investors with a compliant solution to gain exposure to Bitcoin.
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