GBTC - US Bitcoin ETFs Cap $170M Inflow Week As Australia Welcomes First Spot Bitcoin ETF | Benzinga
Bitcoin (CRYPTO: BTC) ended last week on a high, with a total net inflow of $48.738 million on May 31, bringing the total net inflow for the week to $170.9 million.
What Happened: saw an outflow of $124 million, while and Fidelity’s ETF (BATS:FBTC) had inflows of $169 million and $5.9047 million, respectively,
According to data from SoSo Value, the Grayscale Bitcoin Trust (OTC:GBTC) had a total net outflow of $260.6 million for the week. This was compensated for by net inflows of $297.8 million for the BlackRock iShares Bitcoin Trust (NASDAQ:IBIT), $177 million into the Fidelity Wise Origin Bitcoin Fund (NASDAQ:FBTC) and $40.2 million into Bitwise’s Bitcoin ETF (BATS:BITB). The Ark 21 Shares Bitcoin ETF (BATS:ARKB) also recorded a $91.8 million outflow.
Meanwhile, Monochrome Asset ...