The week in the U.S. Spot Bitcoin ETFs unfolded with a mix of enthusiasm and setback. On Friday, Grayscale reported over $100 million in outflows, which even could have led to the subsequent Bitcoin price crash. However, these ETF products managed to garner over $116 million in inflows this week owing to the week’s great start.
Bitcoin ETF Weekly Performance: A Recap
The week commenced on a high note, with US Bitcoin ETFs witnessing a robust influx of $217 million on Monday, May 6. This surge highlighted the escalating investor appetite for crypto exchange-traded products. Moreover, notable contributions came from Grayscale ETF GBTC, which recorded a substantial single-day net inflow of $3.9 million. However, this figure was a lot lesser than the previous trading session’s inflow of $64 million.
Meanwhile, Fidelity’s Bitcoin ETF (FBTC) saw a significant inflow of $99.19 million. However, this momentum faltered as the week progressed, with outflows resuming on Tuesday, May 7. Net
We współpracy z: https://coingape.com/bitcoin-etf-clock-116m-weekly-inflow-despite-recent-setback-what-to-expect/
