- U.S. spot Bitcoin ETFs marked their 13th consecutive day of net inflows.
- Fidelity's FBTC leads the pack by attracting $119 million while Ark Invest's ARKB saw an outflow of $100 million, its largest since January.
- Spot Bitcoin ETFs in Hong Kong have garnered $247.3 million in net inflows since launch.
Ever since the U.S. Securities and Exchange Commission (SEC) approved multiples spot Bitcoin exchange-traded funds (ETFs) in January this year, the financial landscape has been keeping a tap and talking about these ETFs.
On Thursday, U.S. spot Bitcoin ETFs experienced their 13th consecutive day of net inflows, attracting $48.71 million. Significant fund movements were observed in two Bitcoin funds from Fidelity and Ark Invest with 21Shares.
Ark Invest’s spot Bitcoin ETF, ARKB, encountered a substantial net outflow, with $100 million exiting the fund, marking its largest single-day outflow since its launch in January. Conversely, Fidelity’s FBTC led net inflows, receiving $119 million.
💸 Latest data shows US Spot #Bitcoin ETFs with a total net inflow of $13.81B and thirteen consecutive days of net inflow of $49M on 30 May. Ark Invest’s ARKB saw its largest daily net outflow of $100M since launch. pic.twitter.com/7uiouwLNiL
— Crypto.com Research & Insights (@cryptocom_rni) May 31, 2024
Additionally, Bitwise’s BITB gained $26 million, whereas BlackRock’s IBIT experienced a modest net inflow of $2 million. Similarly, the Invesco and Galaxy Digital Bitcoin ETF also reported $2 million in net inflows. However, Grayscale’s GBTC, which recently became the second-largest Bitcoin ETF by net assets, recorded no flows.
Meanwhile, recent data from Asia reveals that since launch, spot Bitcoin ETFs in Hong Kong have experienced a total net inflow of $247.3 million, while spot Ether ETFs have attracted $52.5 million. However, both ETFs reported no net flow activity on Thursday.
Edited by Harshajit Sarmah
