U.S. Bitcoin ETFs See 2 Consecutive Days of Positive Fund Flows
U.S. spot bitcoin exchange-traded funds (ETFs) started the week on a positive note, as they experienced notable inflows during the first two trading days. On Monday, the combined trading volume for U.S. BTC ETFs reached $1.22 billion, accompanied by inflows of $66 million. The following day, Tuesday, saw a trading volume of $972 million and inflows totaling $100.5 million. Of particular interest, the Ark Invest and 21shares ETF, ARKB, received an influx of $133 million on May 14.
As of the latest update, ARKB’s records show that the fund currently manages 45,705 BTC, which is valued at around $2.9 billion based on current bitcoin exchange rates. In contrast, Grayscale’s Bitcoin Trust (GBTC) reported approximately $51 million in outflows on Tuesday. Currently, GBTC holds about 289,336.91 BTC, valued at roughly $18.39 billion.
GBTC is approaching a critical point where it may no longer hold the title of “the largest bitcoin ETF in the world” based on BTC reserves. Blackrock’s IBIT, which closely trails GBTC, has recently experienced stagnant inflows. On Tuesday, IBIT had a neutral day with no net inflows or outflows, maintaining holdings of 274,755.14 BTC worth an estimated $17.47 billion.
The inflows into U.S. spot bitcoin ETFs at the beginning of the week indicate a small resurgence of investor confidence in these digital asset funds. As competition intensifies among leading funds like ARKB, GBTC, IBIT, FBTC, and BITB, it highlights the changing dynamics in bitcoin markets and signals shifts in investor sentiment that could shape future market trends.
What are your thoughts on the inflows received by U.S. spot bitcoin ETFs on Monday and Tuesday? Share your opinions on this topic in the comments section below.
