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The Bitcoin spot ETF had a total net inflow of $257 million yesterday, continuing for four days of net inflows.

Bitget2024/05/17 04:19

According to SoSoValue data, yesterday (Eastern Time May 16), the net inflow of Bitcoin spot ETFs was $257 million. The Grayscale ETF GBTC had a single-day net inflow of $4.6382 million, with a current historical net outflow of $17.652 billion.

The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's IBIT, which had a single-day net inflow of $937.004 million and has reached a total historical net inflow of $15.596 billion so far. This is followed by Fidelity's FBTC, which had a single-day net inflow of $670.829 million and has reached a total historical net inflow of $8.387 billion so far.

As of press time, the total asset value for Bitcoin spot ETFs is at about 54.628 billion dollars; their ratio in terms of market capitalization compared to the overall market cap for bitcoin stands at 4.25%. The cumulative historic influx stands at approximately 12.404 billion dollars.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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