Bitcoin ETFs experienced a massive inflow of $237.2 million on May 20, according to data from Farside. The inflow was spread across six of the 11 ETF issuers, with Ark ARKB leading the way with a $68.3 million inflow. This brought Ark’s total net inflow to an impressive $2.6 billion. Following closely behind was BlackRock IBIT, which saw a $66.4 million inflow, bringing its total net inflow to $15.7 billion. Fidelity FBTC also saw a substantial inflow of $64.0 million, increasing its total net inflow to $8.5 billion.
Despite facing a total net outflow of $17.6 billion, Grayscale GBTC managed to attract a $9.3 million inflow on May 20. Overall, the total net inflows for ETFs now stand at $12.9 billion, as reported by Farside.
Data from heyapollo revealed that BTC ETFs accumulated 3,519 Bitcoin on May 20, which is approximately eight times the daily mined supply of around 450 BTC.
Bitcoin is currently priced at around $71,000, reflecting an 8% increase over the past five days. The surge in Bitcoin ETF inflows signals growing interest and investment in the cryptocurrency market.
