In the last three days, spot Bitcoin ETFs in the US attracted over $1.5 billion, indicating a resurgence of investor interest in the cryptocurrency market. According to data from SoSoValue, the net daily inflow on May 5 was $424.5 million, of which $530.2 million went to the iShares Bitcoin Trust (IBIT) from BlackRock. The positive trend has lasted for three consecutive trading days, and the total assets under management of the ETF reached $110.6 billion, which accounts for 5.91% of Bitcoin's market capitalization.
This inflow coincided with Donald Trump's statement about the resilience of the crypto market compared to stock exchanges, which boosted investor optimism. Analysts attribute the growth to expectations for further approvals of crypto products and macroeconomic factors. However, market volatility remains a risk.
This trend highlights the growing role of ETFs in attracting institutional capital to Bitcoin. Stay updated on cryptocurrency market news! Subscribe to #MiningUpdates so you don't miss any updates.
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