Recent data shows that investment products continue to demonstrate significant inflows in the Bitcoin ETF market due to growing investor interest.
Strong Inflows into Bitcoin ETFs
Over the past three weeks, noticeable inflows into Bitcoin ETFs have been observed, totaling nearly $5.8 billion for the specified period. According to SoSoValue, 12 Bitcoin ETFs attracted $921 million from May 5 to 9.
Top Funds and Their Performance
BlackRock’s IBIT led the list, bringing in over $1 billion in just one week. It has a 19-day inflow streak that has added over $5 billion to its assets. Other funds such as Fidelity’s FBTC and ARK 21Shares' ARKB also showed positive results with increases of $62.4 million and $45.6 million, respectively. However, Grayscale’s GBTC, Bitwise’s BITB, and others recorded combined outflows totaling $217.4 million.
Macroeconomic Factors and Market Impact
The easing of trade tensions between the US and China, as well as recent trade agreements with the UK, contributed to improving market sentiments. US President Donald Trump announced a deal with the UK, further propelling the price of Bitcoin, which has surpassed the $100,000 mark again.
Active inflows into Bitcoin ETFs, amidst an improving macroeconomic landscape, underline the growing interest of institutional investors in this asset, while Ethereum ETFs continue to face outflows.
