Spot bitcoin exchange-traded funds are on a hot streak amid Ethereum ETF hype | Headlines | News | CoinMarketCap

05/22/2024 15:27
Spot bitcoin exchange-traded funds are on a hot streak amid Ethereum ETF hype | Headlines | News | CoinMarketCap

Spot bitcoin exchange-traded funds in the United States registered their seventh consecutive day of net inflows on Tuesday. According to data from …

Spot bitcoin exchange-traded funds in the United States registered their seventh consecutive day of net inflows on Tuesday.

According to data from multiple sources, $305.72 million flowed into the products, with BlackRock's iShares Bitcoin Trust bringing in the lion's share of $290 million.

The Fidelity Wise Origin Bitcoin Fund was the only other ETF to record net inflows, bringing in $26 million.

Grayscale's converted Bitcoin Trust — which has seen cumulative net outflows of $18 billion — recorded no flows yesterday.

No inflows or outflows were recorded from the other spot bitcoin ETFs, except for the Bitwise Bitcoin ETF and VanEck Bitcoin Trust, which saw respective net outflows of $4 million and $6 million.

Since listing on exchanges in the United States, spot bitcoin ETFs have …

Read more --->