Bitcoin Spot ETF Sees $385.4 Million Net Inflow, Marking Nine Days of Growth

On May 28th, COINOTAG reports substantial developments in the cryptocurrency sector, highlighting a remarkable $385.4 million net inflow into US Bitcoin spot ETFs, as per data from Farside Investors. This influx marks the ninth successive day of positive net inflows, underscoring a robust market sentiment among investors. Notably, BlackRock’s BIT ETF achieved a significant inflow of $409.3 million, firmly establishing its dominance in the market. Additionally, the Grayscale BTC ETF saw a respectable $36 million inflow, reflecting sustained interest despite market volatility. However, the ARKB ETF experienced a slight net outflow of $38.3 million, indicating a shift in investment strategies. These trends highlight the evolving landscape of cryptocurrency investments and the increasing institutional interest in Bitcoin, as investors seek to capitalize on its potential in a volatile market.