U.S. Bitcoin ETFs notch $948.3 million in accumulation over five days

Fast Take

Farside knowledge reveals that Bitcoin (BTC) exchange-traded funds (ETFs) collected a formidable $948.3 million over 5 consecutive buying and selling days. This exceptional streak marks the primary time such a feat has been achieved from March 11 to March 15.

Bitcoin ETF Flow Table: (Source: Farside) — Bitcoin ETF Circulate Desk: (Supply: Farside)

Farside knowledge reveals that on Could 17 alone, the BTC ETFs witnessed a staggering $221.5 million in web inflows, with eight out of the 11 ETFs recording constructive inflows. Constancy’s FBTC led the cost, attracting $99.4 million, bringing its complete web inflows to a exceptional $8.5 billion. BlackRock’s IBIT adopted carefully, with a $38.1 million influx, taking its complete web inflows to $15.6 billion. Grayscale’s GBTC additionally continued its constructive momentum, recording a $31.6 million influx, marking its third consecutive day of inflows. Regardless of this, GBTC’s complete outflows stand at $17.6 billion. Collectively, the ETFs have amassed a web complete of $12.6 billion.

In response to knowledge from heyapollo, the nine new BTC ETFs have surpassed 550,000 BTC in holdings, whereas Grayscale’s GBTC holds roughly 289,000 BTC.

Bitcoin Holdings: (Source: Heyapollo) — Bitcoin Holdings: (Supply: Heyapollo)

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