Institutional investors continue to scoop up Bitcoin above $100K
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Bitcoin surged past $100,000 on May 8 as institutional investors ramped up ETF inflows, with ARK 21Shares, Fidelity and BlackRock leading the charge.
Bitcoin crossed the $100,000 mark again on May 8 as institutional investors continue stacking sats.
Farside Investors’ data shows that spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded cumulative net inflows of $142.3 million on May 7, in a sign of “sustained institutional interest,” according to the founder of Obchakevich Research, Alex Obchakevich.
“These inflows indicate the activity of institutional investors, including hedge funds and asset managers, who continue to accumulate BTC through regulated instruments,“ he said.
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