BTC Spot ETF Inflows Reach $257 Million on May 16
CryptoNewsTerminal Staff17 May, 2024
BTC Spot ETF Inflows Reach $257 Million on May 16
Cryptocurrency analyst HODL15Capital (@HODL15Capital) has reported that 10 U.S. spot bitcoin ETFs received inflows totaling $257 million on May 16. BlackRock IBIT ($67 million), Fidelity FBTC ($67 million), and ARK 21Shares ARKB ($62 million) registered the highest inflows, with each surpassing $50 million. Notably, there were no outflows, and VanEck HODL and WisdomTree BTCW reported no inflows. This influx of investment into spot bitcoin ETFs signals continued interest in digital asset investments. As the crypto market continues to evolve, the availability of regulated investment vehicles like spot ETFs provides investors with greater access and exposure to cryptocurrencies.
