GBTC - Bitcoin Spot ETFs See Seventh Straight Day Of Inflows With $306M | Benzinga
Bitcoin spot exchange-traded funds (ETFs) continued their hot streak on May 21, recording a total net inflow of $306 million.
What Happened: This marks the seventh consecutive day of positive inflows for the asset class, highlighting sustained investor interest in Bitcoin through these regulated vehicles, according to data from SoSo Value.
Leading the charge was BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT), which saw a single-day inflow of $290 million.
This represents the largest daily inflow for IBIT since April and signifies strong investor confidence in the product.
Grayscale’s Bitcoin Trust (OTC:GBTC), the first publicly traded Bitcoin investment vehicle, experienced a net outflow of $0.00 on the same day. Fidelity Wise Origin Bitcoin Fund ...