Bitcoin Spot ETFs See $154M Inflow, GBTC Outflows $16M

The post Bitcoin Spot ETFs See $154M Inflow, GBTC Outflows $16M appeared first on Coinpedia Fintech News

SoSoValue recorded Bitcoin spot ETFs’ total net inflow on May 22 as $154 million, marking a continuous positive inflow for eight consecutive days. Grayscale’s GBTC, on the other hand, witnessed an outflow of $16.0914 million. In contrast, BlackRock’s IBIT saw a significant inflow of $91.9527 million in a single day, and Fidelity’s FBTC experienced a $74.572 million inflow. These figures highlight a sustained interest of investors in Bitcoin spot ETFs, emphasizing the growth appeal of these financial instruments in the market