💸 Bitcoin attracts billions from institutional investors! | #ETF #Binance
Bitcoin spot ETFs saw massive cash inflows on May 27, with a total net flow of $385 million, reflecting an increasing appetite from large investors for Bitcoin!
🔹 The standout player?
BlackRock's IBIT fund dominated the scene with a huge daily inflow of $409 million! This brings the total it has attracted historically to $48.3 billion.
🔹 In contrast...
Ark Invest's ARKB fund and 21Shares recorded the largest daily outflow of $38.3 million. However, it still maintains a historical net inflow estimated at $2.68 billion.
🔹 What do these numbers mean?
Bitcoin has become an accepted investment tool among major investors. The total value of Bitcoin fund assets has now reached $132.8 billion, representing 6.1% of Bitcoin's total market cap!
✅ This data confirms that Bitcoin is no longer just a digital currency... but has become a real part of the global financial system.
