US Spot Bitcoin ETFs Take In $622.75 Million, Extending Inflow Streak to Six Weeks
Summary
- US spot Bitcoin ETFs posted total net inflows of $622.75 million last week, extending their net inflow streak to six consecutive weeks.
- BlackRock’s IBIT drew the bulk of the money, with $596 million in net inflows during the week, bringing its cumulative total to $66.1 billion, while Grayscale’s GBTC posted $62 million in net outflows over the same period.
- Over the same period, spot Ethereum ETFs drew $70.49 million, spot Solana ETFs took in $39.23 million, and spot XRP ETFs attracted $34.21 million in inflows.
Forecast Trend Report by Period
US spot Bitcoin exchange-traded funds extended their streak of net inflows last week, drawing in more than $600 million.
Data from SoSoValue on May 11 showed US spot Bitcoin ETFs recorded total net inflows of $622.75 million in the week of May 4 to May 8. That marked a sixth straight week of net inflows.
BlackRock’s IBIT attracted most of the money. The fund posted $596 million of net inflows during the week, bringing cumulative net inflows to $66.1 billion.
Ark Invest’s ARKB followed with about $53 million of inflows. Grayscale’s GBTC, by contrast, posted net outflows of about $62 million over the same period. GBTC’s cumulative net outflows totaled about $26.35 billion.
Over the same period, spot Ethereum ETFs drew $70.49 million, while spot Solana ETFs took in $39.23 million and spot XRP ETFs attracted $34.21 million.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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