GBTC - Bitcoin Spot ETFs Notch $154M Inflows As Popular Bitcoiner Slams Ethereum: 'A Speculative Platform For Gambling' | Benzinga
Bitcoin spot exchange-traded funds (ETFs) continue to attract significant investor interest, with total net inflows exceeding $154 million on May 22.
What Happened: This marks the eighth consecutive day of positive net flow for Bitcoin spot ETFs, according to data from SoSoValue.
Grayscale's Bitcoin Trust (OTC:GBTC) experienced an outflow of $16.0914 million, contrasting sharply with BlackRock's Bitcoin ETF (NASDAQ:IBIT), which saw a substantial single-day inflow of $91.9527 million.
Fidelity's Bitcoin ETF (BATS:FBTC) also recorded a positive inflow of $74.572 million.
This pattern of inflows highlights a robust demand for Bitcoin (CRYPTO: BTC) investment products, even as the market faces regulatory uncertainties and shifting investor sentiment.
Ethereum ETF's Lukewarm Reception In Hong Kong
Despite the increasing popularity of Ethereum (CRYPTO: ETH), the performance of the Ethereum spot ETF in Hong Kong has been underwhelming.
On May 22, the single-day net subscription was only 62.8 ...