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Bitcoin Spot ETFs Thrive with $217M Inflows in Single Day


by CoinEdition
Bitcoin Spot ETFs Garner $217M Inflows: Key Players Revealed
  • Bitcoin spot ETFs saw significant net inflows totaling $217 million on May 6, 2024.
  • Despite facing outflows and fee challenges, GBTC remains the largest spot bitcoin ETF with $18.08 billion in assets.
  • Bitcoin’s price volatility post-halving prompts analysts to speculate on market recovery and potential uptrends.

Wu Blockchain reports significant net inflows into Bitcoin spot ETFs on May 6, totaling $217 million. Grayscale’s ETF, GBTC, saw a notable single-day net inflow of $3.937 million, while Fidelity’s FBTC experienced a substantial net inflow of $99.1936 million. Ark Invest and 21Shares ETF ARKB also had a significant single-day net inflow of $75.6412 million.

This news comes as shares of Grayscale Bitcoin Trust (GBTC.P) surged by 2.4% recently, following the ETF’s first day of inflows since January, acc…

The post Bitcoin Spot ETFs Thrive with $217M Inflows in Single Day appeared first on Coin Edition.

Read the article at CoinEdition

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Why the Crypto Market is Down Today: Trade Fears, Liquidations, and Technical Weakness

Why the Crypto Market is Down Today: Trade Fears, Liquidations, and Technical Weakness

The cryptocurrency market experienced a notable dip on May 29, driven by a mix of geo...
Bitcoin with a Safety Net: Cantor Fitzgerald’s Gold-Powered Investment Fund

Bitcoin with a Safety Net: Cantor Fitzgerald’s Gold-Powered Investment Fund

Cantor Fitzgerald Asset Management (CFAM) has revealed it would launch the Cantor Fit...
MainNewsBitcoin Spot...

Bitcoin Spot ETFs Thrive with $217M Inflows in Single Day


by CoinEdition
Bitcoin Spot ETFs Garner $217M Inflows: Key Players Revealed
  • Bitcoin spot ETFs saw significant net inflows totaling $217 million on May 6, 2024.
  • Despite facing outflows and fee challenges, GBTC remains the largest spot bitcoin ETF with $18.08 billion in assets.
  • Bitcoin’s price volatility post-halving prompts analysts to speculate on market recovery and potential uptrends.

Wu Blockchain reports significant net inflows into Bitcoin spot ETFs on May 6, totaling $217 million. Grayscale’s ETF, GBTC, saw a notable single-day net inflow of $3.937 million, while Fidelity’s FBTC experienced a substantial net inflow of $99.1936 million. Ark Invest and 21Shares ETF ARKB also had a significant single-day net inflow of $75.6412 million.

This news comes as shares of Grayscale Bitcoin Trust (GBTC.P) surged by 2.4% recently, following the ETF’s first day of inflows since January, acc…

The post Bitcoin Spot ETFs Thrive with $217M Inflows in Single Day appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Why the Crypto Market is Down Today: Trade Fears, Liquidations, and Technical Weakness

Why the Crypto Market is Down Today: Trade Fears, Liquidations, and Technical Weakness

The cryptocurrency market experienced a notable dip on May 29, driven by a mix of geo...
Bitcoin with a Safety Net: Cantor Fitzgerald’s Gold-Powered Investment Fund

Bitcoin with a Safety Net: Cantor Fitzgerald’s Gold-Powered Investment Fund

Cantor Fitzgerald Asset Management (CFAM) has revealed it would launch the Cantor Fit...