Fidelity's $119.1 million inflow boosts Bitcoin ETF gains as inflows hit 13-day streak

Fast Take

On Might 30, Farside knowledge revealed that Bitcoin (BTC) Change-Traded Funds (ETFs) skilled one other influx of $48.8 million, marking 13 consecutive buying and selling days of optimistic inflows. The present file is 17 successive inflows, indicating sturdy investor confidence in these monetary devices.

Among the many ETFs, Constancy’s FBTC witnessed essentially the most vital influx since Might 15, with a considerable $119.1 million added, bringing its whole web influx to a formidable $8.9 billion. Bitwise’s BITB additionally noticed a substantial influx of $25.9 million, pushing its whole web influx to $2.0 billion. Conversely, Ark’s ARKB confronted a big outflow of $99.9 million, the biggest since its launch, taking its whole web influx to $2.5 billion. Grayscale’s GBTC remained stagnant with no inflows or outflows, sustaining its whole outflows at $17.8 billion. Total, Bitcoin ETFs have accrued whole inflows of $13.8 billion, based on Farside knowledge.

BTC ETF Flow Table: (Source: Farside) — BTC ETF Circulate Desk: (Supply: Farside)

Moreover, Heyapollo knowledge signifies that on Might 30, 706 Bitcoins had been accrued.

ETF BTC Flows: (May 30): (Source: Heyapollo) — ETF BTC Flows: (Might 30): (Supply: Heyapollo)

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