Bitcoin ETF

Bitcoin

Giant

Spot

On Thursday, spot Bitcoin exchange-traded funds (ETFs) in the United States experienced a mix of inflows and outflows, resulting in a 13th consecutive day of total net inflows of $48.71 million. In particular, two significant movements were observed in the funds of Fidelity and Ark Invest.
<h2 id="ark-invest-s-spot-bitcoin-etf-sets-a-record-of-100-million-in-daily-net-outflows">Ark Invest's Spot Bitcoin ETF Sets a Record of $100 Million in Daily Net Outflows</h2>
Fidelity's FBTC led in net inflows with $119 million. In stark contrast, Ark Invest's ARKB had a record net outflow of $100 million, its biggest single-day outflow since January, according to SoSoValue data.
BlackRock's IBIT, the largest spot Bitcoin ETF by net assets, reported modest net inflows of $2 million.
Grayscale's GBTC, currently the second-largest fund, saw no movement in net flows. Meanwhile, Bitwise's BITB added $26 million, and Invesco and Galaxy Digital's bitcoin ETF recorded net inflows of $2 million.
“Unusual spot Bitcoin ETF flows appear to be driven by investor uncertainty regarding the Federal Reserve's interest rate path, particularly in anticipation of major economic reports out of the US on May 31,” Rachael Lucas, Crypto Analyst at BTC Markets, said in a statement.
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Lucas also said, “If U.S. inflation figures exceed expectations and personal income and spending trends rise, it could dampen investor optimism about a potential Fed rate cut in September.”
“A more hawkish Fed could negatively impact demand for riskier assets, including Bitcoin and related ETFs,” he said.
Over the past 13 days, US spot Bitcoin ETFs have attracted total net inflows in excess of $2 billion, recording the second-longest positive streak since their inception.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/investment-giant-ark-invest-experienced-a-massive-outflow-from-bitcoin-etfs-here-is-the-net-output-amount/" rel="noopener noreferrer nofollow">Investment Giant Ark Invest Experienced a Massive Outflow from Bitcoin ETFs! Here is the Net Output Amount!</a>

Investment Giant Ark Invest Experienced a Massive Outflow from Bitcoin ETFs! Here is the Net Output Amount!

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