Fintech
Spot Bitcoin ETFs Accumulate $948 Million in Five Days
Spot Bitcoin ETFs have amassed an impressive $948 million in five consecutive trading days. On May 17 alone, ETFs recorded a staggering $221.5 million, with 8 out of 11 ETFs recording positive inflows. Fidelity’s FBTC attracted $99.4 billion, Blackrock’s IBIT followed with $38.1 billion, and Grayscale’s GBTC saw inflows of $31.6 billion. Despite all this, GBTC recorded an outflow of $17.6 billion. US Spot BTC ETFs collectively exceeded $12.6 billion in total net inflows. The nine Bitcoin ETFs have more than 550,000 BTC in their portfolio, with Grayscale holding more than half of the Bitcoin.