Bitcoin Spot ETF Sees $117.4 Million Net Inflow as BlackRock and Fidelity Lead Investments

On May 9th, COINOTAG News reported a significant movement in the cryptocurrency market, highlighting that the net inflow for the US Bitcoin spot ETF reached an impressive $117.4 million. This surge in investments can be attributed primarily to two major players. Notably, BlackRock’s IBIT attracted a remarkable $69 million, illustrating strong institutional interest. Additionally, Fidelity’s FBTC contributed $35.3 million, reflecting growing confidence among investors in Bitcoin’s potential as a solid asset. Such inflows indicate a healthy demand for regulatory-compliant investment products associated with Bitcoin, thereby reinforcing the cryptocurrency’s mainstream acceptance. This trend may further enhance the liquidity and stability of Bitcoin in the long term, attracting both institutional and retail investors looking to capitalize on its volatility and growth potential.