Bitcoin ETF Flows Surge to Two-Week High as BTC Soared Beyond $66,000

Inflows for spot Bitcoin ETFs in the United States soared to $303 million on May 15 amid a big jump in BTC prices.

Fidelity led the pack with its FBTC fund seeing $131 million in inflows for the day, its highest inflow since March 26. Bitwise’s BITB fund also had a solid day with an inflow of $86 million, a figure not beaten since March 4.

The portfolio is comprised of $844.2 million in BlackRock’s IBIT, $806.7 million in Fidelity’s FBTC, $202 million in Grayscale’s GBTC, $45.0 million in Ark’s ARKB, and $44.7 million in Bitwise’s BITB. Another major hedge fund, Paul Singer’s Elliott Capital, disclosed a stake of nearly $12 million in IBIT, and Apollo Management Holdings disclosed a stake of $53 million in ARK 21Shares’ ARKB.The big ETF inflow day came amid big gains for bitcoin’s price. The asset has surged 7% over the past 24 hours, tapping $66,567 during early trading in Asia on Thursday morning.

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