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Data from Farside reveals a historic achievement for Bitcoin (BTC) exchange-traded funds (ETFs), accumulating an impressive $948.3 million over five consecutive trading days from March 11 to March 15. This milestone marks the first time such a feat has been accomplished.
On May 17 alone, BTC ETFs saw a remarkable $221.5 million in net inflows, with eight out of the 11 ETFs recording positive inflows. Fidelity’s FBTC led the surge, attracting $99.4 million, bringing its total net inflows to an impressive $8.5 billion. BlackRock’s IBIT followed closely with a $38.1 million inflow, totaling $15.6 billion in net inflows. Grayscale’s GBTC also continued its positive momentum with a $31.6 million inflow, marking its third consecutive day of inflows, despite its total outflows standing at $17.6 billion. Collectively, the ETFs have amassed a net total of $12.6 billion.
Additionally, data from heyapollo indicates that the nine new BTC ETFs have surpassed 550,000 BTC in holdings, while Grayscale’s GBTC holds approximately 289,000 BTC. This surge in BTC ETF inflows highlights growing investor interest in cryptocurrency-based investment products and reflects a bullish sentiment towards Bitcoin in the financial markets.
