Friday's trading sessions for U.S. spot bitcoin exchange-traded funds (ETFs) saw approximately $50 million in inflows, marking the 14th consecutive day of such increases. The total trade volume for the day reached around $1.73 billion. While Grayscale's GBTC and Vaneck's HODL experienced outflows, with GBTC's outflows being larger, Blackrock's IBIT captured the majority of the inflows, along with FBTC.
GBTC's holdings have decreased further, now standing at 286,957.14 BTC, with a total divestment of 485.89 BTC since Wednesday. On the other hand, IBIT's holdings have increased to 289,058.01 BTC after receiving inflows on Thursday and Friday. Before FBTC's recent inflows, Fidelity's FBTC held 162,303.38 BTC, which has now increased to 164,030.47 BTC.
ARK Invest's ARKB and 21shares' ARKB experienced some divestment this week, holding 48,624 BTC on Wednesday and currently securing 47,175 BTC. Bitwise's BITB fund held 36,397.69 BTC on Wednesday, and as of June 1, 2024, it now holds 36,770.61 BTC. In total, these five major BTC funds possess 823,991.23 BTC, valued at $55.82 billion.
The remaining funds remained neutral with no inflows or outflows, except for Vaneck's HODL, which saw a slight divestment during Friday's trading session.
What are your thoughts on the recent inflows of spot bitcoin ETFs? Feel free to share your opinions in the comments section below.
Outflows from Grayscale's GBTC and Vaneck's HODL as US Bitcoin ETFs Amass $50M
By admin
Outflows from Grayscale's GBTC and Vaneck's HODL as US Bitcoin ETFs Amass $50M