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Bitcoin Exchange-Traded Funds (ETFs) in the US See Continued Inflows
Recent data from Farside indicates that Bitcoin ETFs in the US experienced another day of net inflows on May 6, totaling $217.0 million. This significant influx follows closely on the heels of a substantial inflow recorded on May 3.
Grayscale’s GBTC Leads the Way
Grayscale’s GBTC saw an inflow of $3.9 million on May 6, marking consecutive days of positive inflows for the fund. Despite these recent gains, GBTC has recorded a total outflow of $17.4 billion. Fidelity’s FBTC, on the other hand, emerged as the top performer with the largest inflow of $99.2 million on the same day.
This marks the second consecutive trading day that FBTC has led in daily inflows across all ETFs, bringing its total inflows to $8.3 billion as per Farside data.
ARK’s ARKB and BlackRock’s IBIT Show Strong Performance
ARK’s ARKB also had a standout day, experiencing its largest inflow since March 27 at $75.6 million. This surge has propelled ARKB’s total net inflows to $2.2 billion. BlackRock’s IBIT has resumed a positive trajectory with an inflow of $21.5 million on May 6, marking consecutive inflows for the fund. IBIT’s total net inflows now sit at $15.4 billion.
Notably, there have been no outflows from any of the ETFs for two consecutive trading days, signaling increased investor confidence in these products.
Total Net Inflows Reach $11.7 Billion Across All ETFs
According to Farside data, the total net inflows across all ETFs have now reached $11.7 billion, indicating a continued interest and investment in Bitcoin-related products in the US market.
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