Bitcoin ETF Sees $211.7 Million Net Inflow: BlackRock Leads with $430.8 Million

On May 24, COINOTAG reported a significant net inflow of $211.7 million into the U.S. Bitcoin spot Exchange-Traded Funds (ETFs). Notably, BlackRock’s IBIT led the charge, attracting an impressive $430.8 million. Conversely, investment in Fidelity’s FBTC plunged by $73.7 million, while ARK’s ARKB saw a reduction of $73.9 million. VanEck’s HODL ETF managed to secure a modest inflow of $17.7 million, yet Grayscale’s GBTC suffered a larger drawdown of $89.2 million. This trend underscores ongoing investor sentiment fluctuations related to Bitcoin products, which continue to be driven by performance metrics and regulatory developments in the cryptocurrency landscape. The substantial movements reflect a keen interest in traditional finance’s involvement in the digital asset space.