Spot Bitcoin ETFs had some hard times at the end of April and especially on May 1, but the trend has changed now with 10 consecutive days of positive flows.
The cryptocurrency industry saw a massive milestone in January when the US Securities and Exchange Commission finally greenlighted nearly a dozen spot Bitcoin ETFs after a decade of rejecting or delaying every application. May 1 was the most painful in terms of outflows, as the total amount withdrawn on that date was north of $560 million.
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Grayscale spot bitcoin ETF inflows may be result of short-term trading: Bloomberg ETF analystBloomberg's James Seyffart offers some theories as to why Grayscale's spot bitcoin ETF logged inflows two days straight.
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Grayscale's GBTC spot bitcoin ETF sees $63 million of inflows, ending 78-day outflow streakThe U.S. spot bitcoin ETFs registered their first daily net inflows since April 23 and the largest since March 13, totaling $378.3 million.
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Grayscale’s spot bitcoin ETF logs second day of net inflowsThe US spot bitcoin ETFs reported a total daily net inflow of $217.3 million on Monday, including $4 million from Grayscale's GBTC.
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Only one spot bitcoin ETF recorded inflows yesterdaySpot bitcoin exchange-traded funds listed in the United States saw net inflows yesterday off GBTC experiencing no net inflows or outflows.
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Daily spot bitcoin ETF inflows top $100 million as ARKB overpowers GBTCSpot bitcoin ETFs in the U.S. saw a daily net inflow of over $100 million yesterday as ARKB inflows overpowered the usual GBTC outflows.
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BlackRock's Spot Bitcoin ETF Records Biggest Inflows Since April as BTC Hovers at $70KShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
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