U.S. Bitcoin ETFs Maintain Five-Week Inflow Streak
Despite a rocky start to Q2, these crypto investment vehicles have now notched five straight weeks of net capital inflow a sign that institutional appetite for BTC exposure remains resilient, even as the pace of inflows begins to cool.
Data from Farside Investors reveals that Friday, May 16, was the strongest day of the week, with spot Bitcoin ETFs pulling in $260 million in a single session. That marked the third consecutive day of gains after mid-week withdrawals temporarily disrupted the flow.
Leading the charge was BlackRocks iShares Bitcoin Trust (IBIT), which alone absorbed nearly $130 million. Fidelitys Wise Origin Bitcoin Fund (FBTC) followed with almost $68 million, while ARK and 21Shares jointly managed fund (ARKB) saw just under $58 million. Grayscales newer offering, the Bitcoin Mini Trust, added $4.6 million.
Although the total inflow for the week remained positive, it was noticeably lower than the boom seen in April, when ETFs posted more than $3 billion in just five days. The last time U.S. Bitcoin ETFs crossed the $1 billion weekly mark was at the end of April, with $1.8 billion pouring in.
The sustained but tapering interest suggests that while enthusiasm hasnt vanished, investors may be growing more cautious after several weeks of aggressive accumulation.
The post U.S. Bitcoin ETFs Maintain Five-Week Inflow Streak appeared first on Coindoo.
Read more: https://coindoo.com/u-s-bitcoin-etfs-maintain-five-week-inflow-streak/
Text source: Coindoo
