Grayscale GBTC registers rare inflow amid $303 million Bitcoin ETF surge

Quick Take

According to Farside data, the Bitcoin (BTC) exchange-traded funds (ETFs) saw the largest inflow since May 3, witnessing a $303 million inflow on May 15; all ETFs experienced positive inflows except for BlackRock IBIT and Hashdex DEFI Bitcoin ETF.

Fidelity FBTC led the charge with an impressive inflow of $131.3 million, bringing its total net inflows to a staggering $8.3 billion. Bitwise BITB also had a strong day, with an inflow of $86.3 million, taking its total net inflow to $1.9 billion. However, the biggest news came from Grayscale GBTC, where it recorded an inflow of $27 million, marking only the third time it has registered an inflow, reducing its total outflows to $17.7 billion. Total net inflows are now at $12.2 billion, according to Farside data.

Furthermore, data from heyapollo, which converts the inflows into Bitcoin, shows that 4,600 BTC were accumulated on May 15.

The influx of 4,600 BTC into the ETF exceeds ten times the daily mining reward.

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