The post Spot Bitcoin ETFs Accumulate $948 Million in Five Days appeared first on Coinpedia Fintech News
The spot Bitcoin ETFs accumulated an impressive $948 million over five consecutive trading days. On May 17 alone, the ETFs registered a staggering $221.5 million, with 8 out of 11 ETFs recording positive inflows. Fidelity’s FBTC attracted $99.4 billion, Blackrock’s IBIT followed with $38.1 billion, and Grayscale’s GBTC recorded $31.6 billion in inflows. Despite all …
The post Spot Bitcoin ETFs Accumulate $948 Million in Five Days appeared first on Coinpedia Fintech News
The spot Bitcoin ETFs accumulated an impressive $948 million over five consecutive trading days. On May 17 alone, the ETFs registered a staggering $221.5 million, with 8 out of 11 ETFs recording positive inflows. Fidelity’s FBTC attracted $99.4 billion, Blackrock’s IBIT followed with $38.1 billion, and Grayscale’s GBTC recorded $31.6 billion in inflows. Despite all of this, GBTC had an outflow of $17.6 billion. The US Spot BTC ETFs have collectively surpassed $12.6 billion in total net inflows. The nine Bitcoin ETFs have surpassed 550,000 BTC in holdings, with Grayscale holding more than half of the Bitcoins.
