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$61,029.00 -5.05745
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$568.83 -3.35616
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$126.61 -5.51569
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$0.0000192 -8.33602
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Bitcoin
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$61,029.00 -5.05745
Bitcoin price
Ethereum
Ethereum (ETH)
$3,314.56 -5.088
Ethereum price
BNB
BNB (BNB)
$568.83 -3.35616
BNB price
Solana
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$126.61 -5.51569
Solana price
XRP
XRP (XRP)
$0.4758540 -2.00217
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000167 -7.17571
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000107 -7.4255
Pepe price
Bonk
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$0.0000192 -8.33602
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Bitcoin
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$61,029.00 -5.05745
Bitcoin price
Ethereum
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$3,314.56 -5.088
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BNB
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$568.83 -3.35616
BNB price
Solana
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$126.61 -5.51569
Solana price
XRP
XRP (XRP)
$0.4758540 -2.00217
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000167 -7.17571
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000107 -7.4255
Pepe price
Bonk
Bonk (BONK)
$0.0000192 -8.33602
Bonk price
Bitcoin
Bitcoin (BTC)
$61,029.00 -5.05745
Bitcoin price
Ethereum
Ethereum (ETH)
$3,314.56 -5.088
Ethereum price
BNB
BNB (BNB)
$568.83 -3.35616
BNB price
Solana
Solana (SOL)
$126.61 -5.51569
Solana price
XRP
XRP (XRP)
$0.4758540 -2.00217
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000167 -7.17571
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000107 -7.4255
Pepe price
Bonk
Bonk (BONK)
$0.0000192 -8.33602
Bonk price
SirWin
SirWin
SirWin

Spot Bitcoin ETFs surpass $300m in inflows

spot-bitcoin-etfs-surpass-300m-in-inflows
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Spot Bitcoin ETFs surpass $300m in inflows

For the second time in May, spot Bitcoin (BTC) ETFs have exceeded $300 million in inflows, with significant contributions from BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC).

Market data from Farside Investors indicates that these investment products saw $305 million in inflows on May 21 despite several ETF products, including the Grayscale Bitcoin Trust (GBTC) reporting zero flows. Notably, only two products experienced inflows, while two registered outflows.

BlackRock’s IBIT led the inflows with $290 million, with Fidelity’s FBTC reporting an inflow of $25.8 million. The Bitwise Bitcoin ETF (BITB) witnessed outflows amounting to $4.2 million, and VanEck Bitcoin Trust ETF (HODL) equally saw $5.9 million in capital exit.

Notably, IBIT surpassed FBTC in inflows for the second time this week, recording more substantial inflows for two consecutive days. This comes after FBTC led the market on several occasions last week, surpassing IBIT on days when the product saw zero flows. The ETF market has now seen $13.17 billion in positive net flows since its launch in January.

The recent wave of inflows has contributed to a surge in Bitcoin (BTC) value, which breached the $71,000 mark on Tuesday. The price upswing has sparked debate within the cryptocurrency community on whether the rally signifies the beginning of a bull market or the market reaching its peak.

Analyst Eric Balchunas had predicted long-term returns following the outflows in April. He noted that Bitcoin ETFs have already seen $1.3 billion in inflows in May, offsetting April’s negative inflows, bringing the total inflows since launch to $12.3 billion.