🚀 Bitcoin ETFs are on a roll! 🎉 8-day streak of positive inflows, with a whopping $154M on May 22 alone.
- BlackRock’s iShares Bitcoin Trust (IBIT) saw a $91.95M inflow.
- Fidelity’s FBTC ETF had a $74.57M inflow.
- Ark Invest’s ARKB recorded a $3M inflow.
Meanwhile, Grayscale Bitcoin Trust (GBTC) experienced a $16.09M outflow. Other ETFs like Bitwise’s BITB, VanEck’s HODL, and Galaxy Digital’s BTCO showed no activity.
BTC's price surge is driving this renewed interest. After weeks of setbacks, it's clear Bitcoin is making waves in the traditional financial world. 🌊
K33 Research reveals 937 professional US firms have invested in the spot Bitcoin ETF market as of March 31. Big players include Millennium Management and Susquehanna International Group, with $2B and $1B investments respectively.
What do you think? Is Bitcoin ETF the next big thing? Let's chat in the comments! 💬 #Bitcoin #ETF #CryptoNews