Bitcoin ETFs: Kabhi Andar, Kabhi Bahar (Sometimes In, Sometimes Out)!
You know how things go – sometimes money comes in, and sometimes it goes out. Well, same story with these Bitcoin Spot ETFs!
According to data from SoSoValue (as reported by Odaily), yesterday, on May 28th, these Bitcoin funds saw a total of $433 million net inflow. Basically, more money came in than went out.
Blackrock's IBIT was the big star, pulling in a massive $481 million in just one day! They've now collected a whopping $48.875 billion since they started – that's a lot of rupees, or dollars, or whatever you want to call it!
On the flip side, Ark Invest and 21Shares' ARKB had a bit of a rough day, with $34.29 million leaving their fund. Still, they've managed to bring in $2.653 billion overall.
Right now, all these Bitcoin spot ETFs together are holding around $130.291 billion worth of assets. That's about 6.11% of Bitcoin's total market value.
So, in short, these funds have seen a cumulative $45.344 billion flow in over time. It's a bit of a rollercoaster, but mostly money's been coming in!