GBTC - Bitcoin Spot ETFs Register $217M Net Inflows On Monday | Benzinga
Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs) continue to attract significant investor interest, despite ongoing delays from the Securities and Exchange Commission (SEC) on approving Ethereum spot ETFs.
What Happened: Data from SoSoValues reveals that total net inflows into Bitcoin spot ETFs on May 6 reached $217 million.
This positive sentiment was driven by individual inflows into various Bitcoin spot ETF products.
Grayscale’s (OTC:GBTC), recorded an inflow of $3.937 million, while Fidelity‘s (BATS:FBTC) ETF saw a more considerable inflow of $99.1936 million.
Notably, the joint ETF from Ark Invest and 21Shares, (BATS:ARKB), also reported impressive inflows totaling $75.6412 million in just a single day.
These figures ...