ETFs
US Bitcoin ETFs See Five-Day Accumulation of $948.3 Million
Quick take
Other side the data shows that Bitcoin (BTC) Exchange Traded Funds (ETFs) has accumulated an impressive $948.3 million over five consecutive trading days. This remarkable sequence marks the first time such a feat has been achieved between March 11 and 15.
Bitcoin ETF Flow Chart: (Source: Farside)
Farside data shows that on May 17 alone, BTC ETFs saw a staggering $221.5 million in net inflows, with eight of 11 ETFs seeing positive inflows. Fidelity’s FBTC led the charge, attracting $99.4 million, bringing its total net inflows to a remarkable $8.5 billion. BlackRock’s IBIT followed closely, with an inflow of $38.1 million, bringing its total net inflows to $15.6 billion. Grayscale’s GBTC also continued its positive momentum, recording an inflow of $31.6 million, marking its third consecutive day of inflows. Despite this, total outflows from GBTC stand at $17.6 billion. Collectively, the ETFs have amassed a net total of $12.6 billion.
According to data from hepolloTHE nine new BTC ETFs have surpassed 550,000 BTC in holdings, while Grayscale’s GBTC holds around 289,000 BTC.
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