New data reveals that the ARK 21Shares Bitcoin exchange-traded fund (ETF), known as ARKB, experienced a significant increase in inflows following a key milestone.
According to Farside Investors, US Bitcoin (BTC) ETFs saw a net inflow of $100.5 million on May 14, marking the highest inflow in a week. In contrast, the Grayscale Bitcoin Trust (GBTC) ETF witnessed a total net outflow of $50.9 million.
Furthermore, the ARKB ETF recorded $133.1 million in inflows, marking the first significant inflow since March 27. Notably, this is the seventh time the ETF has seen net inflows exceeding $100 million.
Data from Farside Investors indicates that the ARKB ETF reached an all-time high inflow of $200.7 million on March 27 and an all-time high outflow of $98.1 million on May 1.
BlackRock‘s iShares Bitcoin Trust (IBIT) experienced its second consecutive day of zero inflows. Meanwhile, the Fidelity Wise Origin Bitcoin Fund (FBTC) saw $8.1 million in net inflows. On May 13, FBTC led the US BTC ETF market with $38.6 million in net inflows.
According to the data provider, BTCO, EZBC, BRRR, and HODL recorded net inflows of $5.5 million, $1.8 million, $1.2 million, and $1.7 million, respectively.
The total net inflows into the BTC ETF market are approaching $12 billion, currently standing at $11.84 billion.
Following the positive ETF inflows, Bitcoin gained 0.5% over the past 24 hours, trading at $62,150 at the time of writing.
Summary Review: The recent surge in inflows into the ARKB ETF, totaling $133 million, reflects growing investor confidence in Bitcoin as it reaches new heights. This influx of funds into Bitcoin ETFs, coupled with positive market sentiment, has contributed to Bitcoin‘s slight gain of 0.5% over the past 24 hours, with its price currently at $62,150. The continued interest in Bitcoin ETFs underscores the increasing mainstream acceptance and adoption of cryptocurrencies as an investment asset.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
