ARKB ETF records $133 million in inflows as BTC surged
Data shows that ARK 21Shares Bitcoin exchange-traded fund (ETF), also known as ARKB, recorded the highest amount of inflows after reaching a crucial level.
According to data provided by Farside Investors, the US Bitcoin (BTC) ETFs registered $100.5 million in net inflows on May 14 for the first time in a week. Unsurprisingly, the Grayscale Bitcoin Trust (GBTC) ETF saw a total net outflow of $50.9 million.
Moreover, ARKB ETF recorded $133.1 million in inflows for the first time since March 27. It’s important to note that the ETF has seen net inflows of over $100 million for the seventh time.
Per Farside Investors’ data, the ARKB ETF recorded an all-time high inflow of $200.7 million on March 27 and an all-time high outflow of $98.1 million on May 1.
BlackRock’s iShares Bitcoin Trust (IBIT) registered its second day of consecutive zero inflows. Fidelity Wise Origin Bitcoin Fund (FBTC) saw $8.1 million in net inflows. On May 13, FBTC led the U.S. BTC ETF market with $38.6 million in net inflows.
According to the data provider, BTCO, EZBC, BRRR and HODL recorded $5.5 million, $1.8 million, $1.2 million and $1.7 million in net inflows, respectively.
The BTC ETF market is getting close to a total of $12 billion in net inflows — currently at $11.84 billion.
Following the positive ETF inflows, Bitcoin gained 0.5% over the past 24 hours and is trading at $62,150 at the time of writing.
