๐๐๐๐๐๐ฅ๐ข๐๐ ๐๐๐๐๐ฆ ๐๐ง๐ ๐๐ก๐๐๐ข๐ช๐ฆ ๐ช๐๐ง๐ $๐ฐ๐ฏ๐ฌ๐ โ ๐๐๐ง๐๐ข๐๐ก ๐๐ง๐๐ฆ ๐๐ข๐๐ $๐ญ๐ฏ๐ญ๐ ๐๐ก ๐๐ง๐
Friday saw another strong push into crypto ETFs, with $270.37M in total inflows into spot Bitcoin and Ethereum ETFs.
โ Bitcoin ETF Highlights (May 23)
โข Total Inflows: $211.74M
โข BlackRockโs IBIT: +$430.77M
โข VanEckโs HODL: +$17.72M
โข Total BTC ETF Holdings: $131.39B (~6.11% of BTC market cap)
โข Since Jan 11 Launch: $44.53B cumulative inflows
Outflows:
โข Grayscale GBTC: -$89.17M
โข Fidelity FBTC: -$73.69M
โข ARKB: -$73.89M
Several other funds like Bitwise BITB, Valkyrie BRRR, and Grayscale Mini remained flat.
โ Ethereum ETF Highlights
โข Total Inflows: $58.63M
โข BlackRockโs ETHA: +$52.84M
โข Grayscale Mini Ethereum: +$5.79M
โข Total ETH ETF Net Inflows (Since Jul 23, 2024): $2.76B
All other Ethereum ETFs saw zero flows on the day.
๐ช๐๐๐ง ๐๐ง ๐ ๐๐๐ก๐ฆ
โก๏ธ Bitcoin continues to dominate institutional preference
โก๏ธ Selectivity is high: BlackRock leads inflows, while many ETFs remain flat or see outflows
โก๏ธ Over $131B in BTC now sits in U.S. ETFs โ a massive institutional footprint