Bitcoin ETFs see $432M daily net inflows and $130B total assets, representing 6.11% of Bitcoin market cap.
BlackRock’s IBIT ETF dominates with $71.31B assets and $480.96M daily inflow despite a 2.74% price decline.
Several smaller ETFs show minimal inflows and price drops near 2.7%, while cumulative inflows stay robust.
According to a recent SoSoValue update on Bitcoin ETFs as of May 28, the total daily net inflow recorded was $432.62 million, contributing to a cumulative total net inflow of $45.34 billion. The total value traded across these products reached $3.50 billion, while total net assets stood at $130.29 billion, representing 6.11% of the Bitcoin market capitalization.
IBIT ETF Posts $480M Inflow Despite 2.74% Price Drop
Among the listed ETFs, the BlackRock-sponsored IBIT on NASDAQ leads with net assets of $71.31 billion. It recorded a positive daily net inflow of $480.96 million, which contributed significantly to its cumulative net inflow of $48.88 billion. The product trades at a market price of $60.79, with a daily price decline of 2.74%. The Bitcoin share of this product stands at 3.34%, and the management fee is 0.25%. Its daily trading volume is notably high at 44.24 million shares, with a traded value of $2.71 billion.
Source: SoSoValue
In contrast, the Fidelity-sponsored FBTC product on CBOE has net assets of $21.44 billion. It experienced a daily net outflow of $14.05 million but maintains a cumulative net inflow of $11.79 billion. The product trades at $93.39 per share, down 2.70% for the day. FBTC has a Bitcoin share of 1.01% and carries no management fees. Daily volume is moderate at 3.87 million shares with a value traded of $363.93 million.
Grayscale’s GBTC on NYSE shows net assets of $19.97 billion and a neutral daily net inflow of zero, but a cumulative net outflow of $23.11 billion. It trades at $84.31, down 2.72% on the day. GBTC holds a Bitcoin share of 0.94% and charges a fee of 1.50%, the highest among listed products. The daily volume is 2.10 million shares, with $178.15 million traded.
ARKB Sees $34M Outflow While Grayscale BTC Hold
ARKB from Ark & 2 on CBOE holds $5.16 billion in net assets. It recorded a daily net outflow of $34.29 million but a cumulative net inflow of $2.65 billion. Its market price is $106.70, down 2.74%. ARKB’s Bitcoin share is 0.24%, and the management fee is 0.21%. Daily volume stands at 671,970 shares, with a traded value of $72.23 million.
The BTC product by Grayscale on the NYSE has $4.67 billion in net assets and zero daily net inflow. It shows a cumulative net inflow of $1.41 billion. The product trades at $47.41, down 2.71%. It carries a Bitcoin share of 0.22% and a 0.15% fee. Trading volume is 891,300 shares, with $42.53 million traded.
Other products like Bitwise’s BITB, VanEck’s HODL, Valkyrie’s BRRR, Invesco’s BTCO, Franklin’s EZBC, and WisdomTree’s BTCW hold smaller net assets ranging from $166 million to $4.16 billion. All experienced price declines of 2.7% to 2.9%. Notably, these products maintain daily net inflows at zero or minimal levels.
Overall, despite several products showing daily price declines of around 2.7%, the market continues to see strong cumulative inflows, particularly driven by IBIT and several other large products. Trading volumes vary significantly, with IBIT showing the highest activity, indicating investor interest despite short-term price pressure. The fees charged range from zero to 1.50%, reflecting varied cost structures among these products.
