Bitcoin Spot ETF Sees $105 Million Net Inflow
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2024
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Source: Coinmarketcap
- Bitcoin Spot ETFs:
- Bitcoin spot ETFs experienced a net inflow of $105 million on June 3.
- Fidelity's FBTC and Bitwise's BITB had significant inflows, while Grayscale's GBTC saw no net inflow or outflow.
- Investor Confidence:
- The positive inflows for fifteen consecutive days indicate growing investor confidence in digital asset funds, especially ETFs.
Analyst Views on BTC
Wall Street analysts forecast BTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 39.870
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Current: 39.870
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
