Bitcoin ETF

Bitcoin

when

<ul class="news-points"> 
 <li><strong>Spot Bitcoin ETF recorded $306 million in net inflow on Tuesday, May 21.</strong></li> 
 <li><strong>BlackRock’s IBIT accounted for $290 million of the total Bitcoin ETF inflow of May 21.</strong></li> 
 <li><strong>BTC surged 17% amid seven days of consecutive net ETF inflows.</strong></li> 
</ul> 
<p>The spot Bitcoin ETF market continued its strong performance with $306 million net inflow on Tuesday, May 21. With this milestone, the spot Bitcoin ETF achieved a consecutive net inflow for seven days and a day when Grayscale’s GBTC recorded a $0.00 net outflow.</p> 
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   <p lang="en" dir="ltr">On May 21, the total net inflow of Bitcoin spot ETF was US$306 million, marking seven consecutive days of net inflow. Grayscale ETF GBTC had a single-day net outflow of $0.00, BlackRock ETF IBIT had a single-day inflow of $290 million, and the total net asset value of the Bitcoin… <a href="https://t.co/LD66xA9sB4" target="_blank" rel="nofollow">pic.twitter.com/LD66xA9sB4</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1793130926328930527?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">May 22, 2024</a>
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<p>Meanwhile, the BlackRock IBIT maintained its impressive performance by ranking as the highest in net inflow. IBIT’s net inflow for Tuesday was $290 million, representing about 95% of the total daily net inflow in the spot Bitcoin ETF market.</p> 
<p>Tuesday’s influx of investment into spot Bitcoin ETFs boosted the total net as…</p>
<p>The post <a href="https://coinedition.com/blackrocks-dominance-in-bitcoin-etfs-drives-market-to-new-highs/">BlackRock’s Dominance in Bitcoin ETFs Drives Market to New Highs</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

BlackRock’s Dominance in Bitcoin ETFs Drives Market to New Highs

Coin Edition

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