Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Crypto

Bitcoin Surges Past $71K as ETFs Attract Record $880M Inflows

by Team Lumida
June 5, 2024
in Crypto, Digital Assets
Reading Time: 3 mins read
A A
0
gold round coin on black surface

Photo by Kanchanara on Unsplash

Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways

  1. Bitcoin ETFs saw $880 million in inflows, led by Fidelity’s $378 million.
  2. Bitcoin prices surged to over $71,000, marking a 3% rise in 24 hours.
  3. ETFs have accumulated $3.3 billion in four weeks, signaling bullish sentiment.

What Happened?

Bitcoin surged past $71,000 during Asian trading hours, marking a 3% increase in just 24 hours. This rise coincided with U.S.-listed spot bitcoin ETFs attracting over $880 million in inflows, the highest since March and the second-highest overall since January.

Fidelity’s FBTC led the pack with $378 million, followed by BlackRock’s IBIT with $270 million and Grayscale’s GBTC with $28 million. The CoinDesk 20 index, which tracks the largest tokens, also rose by 2.65%.

Why It Matters?

The $880 million inflow into bitcoin ETFs signals a robust return of investor confidence in the cryptocurrency market. This surge comes after a lull from mid-April to early May, when major ETFs like BlackRock’s IBIT experienced zero net inflows and even outflows on some days.

Bloomberg analyst Eric Balchunas noted that bitcoin ETFs have gathered $3.3 billion in the past four weeks, with a year-to-date total surpassing $15 billion. Such data points to a renewed bullish sentiment, bolstered by recent positive developments like the approval of ether (ETH) spot ETFs in the U.S. and favorable cryptocurrency outlooks from the ongoing U.S. presidential campaign.

What’s Next?

Expectations are high for continued bullish momentum in the cryptocurrency market. The inflow activity suggests increasing investor interest and confidence, likely driven by favorable regulatory changes and optimistic market sentiment.

Keep an eye on further ETF inflows and price movements, as these will be critical indicators of sustained market health. Additionally, the ongoing U.S. presidential campaign’s stance on cryptocurrencies could further influence market dynamics, making it essential to stay updated on political developments.

Source: Coin Desk
Tags: BitcoinETFsFidelity
Previous Post

Bond Traders Bet Big on Faster Fed Rate Cuts: What You Need to Know

Next Post

Americans Are Earning More from Investments Than Ever – Here’s What It Means for You

Recommended For You

Bitcoin Drops Below $103,000 as Israel-Iran Conflict Escalates, Triggering Crypto Selloff

by Team Lumida
2 days ago
Bitcoin Could Drop to $50K Before a Potential Fed-Driven Rally

Key Takeaways: Powered by lumidawealth.com Bitcoin fell as much as 3% to dip below $ 103,000, while Ether dropped 7.6%, following Israel’s airstrikes on Iran in a major geopolitical...

Read more

Crypto Nearing Systemic Risk Threshold, Warns Outgoing FSB Chair Klaas Knot

by Team Lumida
3 days ago
Bitcoin Mining Stocks Outperform BTC in Early 2025, Network Strength Grows

Key Takeaways: Powered by lumidawealth.com Outgoing Financial Stability Board (FSB) Chair Klaas Knot warns that cryptoassets, particularly stablecoins, are approaching a "tipping point" where they could pose systemic risks...

Read more

Dogecoin Surges 5% Amid Speculation of ETF Approval and DeFi Integration

by Team Lumida
4 days ago
silver and gold round decor

Key Takeaways: Powered by lumidawealth.com Dogecoin (DOGE) jumped 4.8% in the past 24 hours, climbing from$0.18 to$0.19, driven by speculation around a potential DOGE ETF and strong trading volume....

Read more

Ether Surges 7%, DOGE and ADA Lead Altcoin Gains Amid Bitcoin’s $109K Rally

by Team Lumida
5 days ago
Bitcoin Could Drop to $50K Before a Potential Fed-Driven Rally

Key Takeaways: Powered by lumidawealth.com Ether gained 7% in the past 24 hours, while Dogecoin (DOGE) and Cardano (ADA) rose over 5%, driven by Bitcoin’s climb above$109,000. Overall crypto...

Read more

Metaplanet Shares Surge 22% as $5.4 Billion Bitcoin Accumulation Plan Unveiled

by Team Lumida
6 days ago
Bitcoin Plunges to $64K Amid U.S. Tech Stock Turmoil

Key Takeaways: Powered by lumidawealth.com Metaplanet Inc. announced a$5.4 billion stock acquisition rights program, the largest in Japanese capital markets history, to expand its Bitcoin holdings to 210,000 BTC...

Read more

Metaplanet to Raise$5.3 Billion in Japan’s Largest Stock Warrant Deal to Expand Bitcoin Holdings

by Team Lumida
1 week ago
Bitcoin Mining Stocks Outperform BTC in Early 2025, Network Strength Grows

Key Takeaways: Powered by lumidawealth.com Metaplanet plans to raise$5.3 billion by issuing 555 million shares through stock acquisition rights, marking Japan’s largest-ever stock warrant issuance. The company aims to...

Read more

Circle’s IPO Raises $1.1 Billion, Valuing Stablecoin Issuer at $6.9 Billion

by Team Lumida
1 week ago
Bitcoin Could Drop to $50K Before a Potential Fed-Driven Rally

Key Takeaways: Powered by lumidawealth.com Circle Internet Group Inc. raised $1.1 billion in an upsized IPO, pricing shares at $31, above the marketed range. The IPO gives Circle a...

Read more

Dogecoin Breaks Key Resistance as Institutional Interest Fuels 2.4% Rally

by Team Lumida
2 weeks ago
brown and white round beaded necklace

Key Takeaways: Powered by lumidawealth.com Dogecoin (DOGE) surged 2.4% in the past 24 hours, rising from $0.192 to $0.197, breaking the $0.194 resistance level. A $20 million DOGE transfer...

Read more

Crypto Lobbyists Urge U.S. Senate to Stay Focused on Stablecoin Bill Amid Distractions

by Team Lumida
2 weeks ago
Bitcoin Mining Stocks Outperform BTC in Early 2025, Network Strength Grows

Key Takeaways: Powered by lumidawealth.com The U.S. Senate is in the final stages of debating the GENIUS Act, a bill aimed at regulating stablecoin issuers like Tether’s USDT and...

Read more

DOGE, XRP, SOL Show Signs of Bottoming as Bitcoin Holds $105K Amid Trade Tensions

by Team Lumida
2 weeks ago
Bitcoin Could Drop to $50K Before a Potential Fed-Driven Rally

Key Takeaways: Powered by lumidawealth.com Major cryptocurrencies, including Bitcoin, Ether, XRP, Solana, Cardano, and Dogecoin, are showing signs of bottoming out near key support levels despite recent declines. Bitcoin...

Read more
Next Post
a glass jar filled with coins and a plant

Americans Are Earning More from Investments Than Ever – Here’s What It Means for You

apple, nvidia, microsoft

Nvidia, Microsoft, and Apple Surpass Entire Chinese Stock Market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Powell Signals Patience: Fed Holds Rates, Awaits Key Data

Powell Signals Patience: Fed Holds Rates, Awaits Key Data

July 3, 2024
Fed Signals Rate Cut: What It Means for Your Investments

Global Quantitative Tightening: A Game Changer for Markets

August 22, 2024
Israel Defies Trump With Major Strikes on Iran’s Nuclear and Missile Sites

Israel Defies Trump With Major Strikes on Iran’s Nuclear and Missile Sites

June 13, 2025

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018