PiCK

US Spot-Bitcoin ETFs See $629.7 Million of Net Inflows

Source

Doohyun Hwang

Summary

U.S. spot-Bitcoin ETFs recorded net inflows of $629.73 million, while total net assets rose above $100 billion.
Total trading volume for U.S. spot-Bitcoin ETFs reached $2.78 billion that day.
BlackRock's IBIT and Fidelity's FBTC led with net inflows of $284.39 million and $213.36 million, respectively.

Forecast Trend Report by Period

U.S. spot-Bitcoin exchange-traded funds recorded about $600 million in net inflows, lifting total net assets above $100 billion.

Data from SoSoValue showed that U.S. spot-Bitcoin ETFs posted net inflows of $629.73 million on May 1. Total trading volume for the day reached $2.78 billion.

BlackRock's IBIT led with $284.39 million in net inflows, followed by Fidelity's FBTC with $213.36 million.

Other funds that drew net inflows included Ark 21Shares' ARKB with $88.46 million, Bitwise's BITB with $27.25 million, Grayscale Bitcoin Mini Trust with $6.24 million, VanEck's HODL with $5.54 million and Morgan Stanley's MSBT with $4.5 million. The remaining products, including Grayscale's GBTC, recorded no inflows or outflows.

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