Bitcoin Spot ETFs See $142 Million Net Inflow, Marking Positive Momentum

In Brief:

Bitcoin spot ETFs recorded a net inflow of $142 million on May 7, with Ark Invest's ARKB ETF leading the way.

The inflow reflects continued investor confidence in Bitcoin, with ARKB's total historical net inflow reaching $2.68 billion.

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Bitcoin spot ETFs saw a strong surge of $142 million in net inflows on May 7, according to SoSoValue data. This marks a positive development for the crypto investment landscape, as all twelve Bitcoin spot ETFs observed inflows, without any ETF reporting a net outflow.

Ark Invest’s ARKB ETF led the pack with a substantial $54.73 million in net inflows for the day. To date, ARKB has accumulated a total historical net inflow of $2.68 billion. Following closely was Fidelity’s FBTC ETF, which saw a net inflow of $39.92 million, pushing its total historical net inflow to $11.64 billion.

As of the latest data, the total net asset value (NAV) of Bitcoin spot ETFs stands at $112.71 billion, accounting for 5.86% of Bitcoin’s total market value. The historical cumulative net inflow of these ETFs has reached $40.72 billion, indicating a growing appetite for Bitcoin exposure via regulated investment products.

This strong performance comes amidst ongoing discussions about Bitcoin’s role in the financial ecosystem, further cementing the market’s confidence in Bitcoin-backed ETFs.

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