BTC Spot ETF Sees Massive $222 Million Net Inflow on May 17
CryptoNewsTerminal Staff18 May, 2024
BTC Spot ETF Sees Massive $222 Million Net Inflow on May 17
According to crypto analyst HODL15Capital (@HODL15Capital), on May 17th (local time), inflows totaling $222 million were seen in 10 US Bitcoin spot ETFs. This significant inflow suggests growing institutional interest and confidence in Bitcoin as an investment asset. The Fidelity FBTC ETF saw the largest inflows, amounting to approximately $100 million. Other major contributors to the inflows included Blackrock IBTC with $38 million, Grayscale GBTC with $32 million, and Bitwise BITB with $21 million. Notably, there were no ETFs with net outflows, and Franklin Templeton EZBC and WisdomTree BTCW had no net inflow on that day. This positive news indicates that institutional investors continue to embrace Bitcoin and recognize its potential as a long-term investment opportunity.
