Bitcoin Spot ETFs See 13 Consecutive Days of Net Inflows, Maintaining Strong Momentum
Bitcoin spot exchange-traded funds (ETFs) continue to attract significant investor interest as they record thirteen consecutive days of net inflows.
On May 30, the total net inflow for Bitcoin spot ETFs reached $48.706 million, according to data from SoSo Value.
Grayscale ETF GBTC experienced no outflows on that day, while Fidelity ETF FBTC witnessed an inflow of $119 million.
The historical net inflow for Bitcoin spot ETFs has now surpassed an impressive $13.809 billion, underscoring the sustained growth and popularity of these investment options in the cryptocurrency market.
The total net inflow of Bitcoin spot ETFs on May 30 was $48.706 million, with net inflows for thirteen consecutive days. Grayscale ETF GBTC had a single-day outflow of $0.00. Fidelity ETF FBTC had a single-day inflow of $119 million. The historical net inflow of Bitcoin spot ETFs…
— Wu Blockchain (@WuBlockchain) May 31, 2024
Earlier this week, BlackRock’s iShares Bitcoin Trust took the lead as the world’s largest fund for Bitcoin, accumulating nearly $20 billion in total assets since its listing in the United States earlier this year.
On Tuesday, the exchange-traded fund held $19.68 billion worth of Bitcoin, surpassing Grayscale Bitcoin Trust’s $19.65 billion.
Fidelity Investments holds the third-largest spot with an $11.1 billion offering.
The launch of BlackRock’s Bitcoin ETF, along with Fidelity’s, was part of a group of nine funds that debuted on January 11, coinciding with Grayscale’s conversion into an ETF.
The approval of spot Bitcoin ETFs marked a significant milestone for the crypto industry, making Bitcoin more accessible to investors and sparking a rally that saw the token reach a record high of $73,798 by March.
Since its launch, the iShares
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