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

• 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.

According to SoSoValue, total net inflows into Bitcoin spot ETFs on May 6 were $217 million. Grayscale ETF GBTC saw a single-day net inflow of $3.937 million. Fidelity ETF FBTC had a single-day net inflow of $99.1936 million, Ark Invest and 21Shares ETF ARKB had a single-day net… pic.twitter.com/1OrHFH4Vpz

— Wu Blockchain (@WuBlockchain) May 7, 2024

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…

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