Bitcoin ETFs Surge: $1.3B Inflows in May for BTC, Reversing April’s $344M Losses

  • Spot Bitcoin ETFs rebound with $1.3B inflows in May, reversing April’s outflows and bringing net value to $12.3B since launch.
  • Bloomberg’s senior ETF analyst Eric Balchunas advised against emotional reactions to ETF fluctuations, highlighting the recovery.
  • April experienced $344 million in net withdrawals, largely driven by Grayscale’s GBTC.

Craft a concise and compelling meta description for the article.

Spot Bitcoin ETFs Rebound with $1.3B Inflows in May

May has been a positive month for spot Bitcoin ETFs, as noted by Bloomberg’s senior ETF analyst, Eric Balchunas. He reported that the ETFs saw $1.3 billion in inflows over two weeks, making up for the previous month’s outflows. This inflow has brought the net value back to approximately $12.3 billion since the launch of these ETFs.

BTC ETFs Show Record Growth

Despite the recent fluctuations, spot BTC ETF inflows and outflows are relatively small compared to the fund’s assets under management. Grayscale’s GBTC and BlackRock IBIT are among the largest spot Bitcoin ETFs, holding $18.27 billion and $17.31 billion in assets, respectively. Fidelity’s FBTC has also amassed $9.64 billion in assets.

Conclusion

Spot Bitcoin ETFs have demonstrated resilience and growth, rebounding strongly in May with significant inflows. This trend underscores the growing investor confidence and market maturity surrounding cryptocurrency investments.

BREAKING NEWS

Ethereum (ETH) Leads Global Liquidations With $12.29M Largest ETH-USD Liquidation and $407M in 24 Hours

As of October 21, COINOTAG News, citing Coinglass data,...

Ethereum (ETH) Inflow: 7,889 ETH Worth $31.41M Deposited from CEX in 8 Hours

COINOTAG News Update indicates a significant on-chain move on...

Ethereum (ETH) 25x Long Hits $10M as QCP Capital-Funded Trader Boosts Position on HyperLiquid

According to OnchainLens, the wallet labeled 'buddy' and linked...

Andrew Kang’s Address Faces Unrealized Loss as Bitcoin (BTC) Short Position Surges to 362.49 BTC

In a crypto market update, monitoring data indicates Andrew...

Bitcoin (BTC) Net Inflows Hit $21.2M as HODL Leads, with BITB, BTCO, FBTC and Grayscale BTC Close Behind — BlockBeats News

COINOTAG, citing farside monitoring on October 21, reported yesterday’s...

House of Doge Acquires Stake in Italian Club to Advance Dogecoin Adoption

The Dogecoin Foundation's commercial arm, House of...

Asia’s Stablecoin Strategies Diverge: Japan’s Banks Eye Yen-Pegged Coin Amid Regional Shifts

Asia's stablecoin competition is intensifying as Japan's banks plan...

Ethereum Fund Holdings Surge 145%, Yet Bearish Signals Hint at Correction

Ethereum ETF flows recorded mixed results last week, with...

ECB’s Nagel Warns Damaging Trust in Statistics Could Undermine European Monetary Policy

ECB independence safeguards monetary policy credibility and anchors expectations,...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img