Bitcoin

Grayscale Bitcoin Trust

Spot

<ul class="news-points">
 <li><strong>Bitcoin spot ETFs saw significant net inflows totaling $217 million on May 6, 2024.</strong></li>
 <li><strong>Despite facing outflows and fee challenges, GBTC remains the largest spot bitcoin ETF with $18.08 billion in assets.</strong></li>
 <li><strong>Bitcoin’s price volatility post-halving prompts analysts to speculate on market recovery and potential uptrends.</strong></li>
</ul>
<p>Wu Blockchain reports significant net inflows into <a href="https://coinedition.com/bitcoins-decade-old-wallet-transfers-43-94m-as-btc-hits-64k/" rel="noopener noreferrer nofollow">Bitcoin</a> spot ETFs on May 6, totaling $217 million. Grayscale’s ETF, GBTC, saw a notable single-day net inflow of $3.937 million, while Fidelity’s FBTC experienced a substantial net inflow of $99.1936 million. Ark Invest and 21Shares ETF ARKB also had a significant single-day net inflow of $75.6412 million.</p>
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   <p lang="en" dir="ltr">According to SoSoValue, total net inflows into Bitcoin spot ETFs on May 6 were $217 million. Grayscale ETF GBTC saw a single-day net inflow of $3.937 million. Fidelity ETF FBTC had a single-day net inflow of $99.1936 million, Ark Invest and 21Shares ETF ARKB had a single-day net… <a href="https://t.co/1OrHFH4Vpz" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/1OrHFH4Vpz</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1787695860522045945?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 7, 2024</a>
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<p>This news comes as shares of Grayscale Bitcoin Trust (GBTC.P) surged by 2.4% recently, following the ETF’s first day of inflows since January, acc…</p>
<p>The post <a href="https://coinedition.com/bitcoin-spot-etfs-thrive-with-217m-inflows-in-single-day/" rel="noopener noreferrer nofollow">Bitcoin Spot ETFs Thrive with $217M Inflows in Single Day</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin Spot ETFs Thrive with $217M Inflows in Single Day

Coin Edition

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