Continued Net Inflow of $28.32 Million in BTC Spot ETFs for 12 Straight Trading Days

IconCryptoNewsTerminal Staff30 May, 2024

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Continued Net Inflow of $28.32 Million in BTC Spot ETFs for 12 Straight Trading Days

The cryptocurrency market has witnessed a continued net inflow of $28.32 million into US Bitcoin spot ETFs on May 29 (local time), marking the 12th consecutive trading day of net inflow, according to data from Sosobalu. Specific inflows include: - BlackRock IBIT: $24.56 million - Fidelity FBTC: $17.68 million - Bitwise BITB: $11.02 million However, Grayscale GBTC recorded a net outflow of $31.06 million. This sustained positive momentum in Bitcoin spot ETF inflows reflects investor confidence in the digital asset as an investment vehicle. The consecutive days of net inflow suggest a growing institutional interest in cryptocurrencies. The market will continue to monitor the developments in the cryptocurrency space, including the performance of Bitcoin spot ETFs and the broader crypto market.

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