Quick Take
Farside data shows that Bitcoin (BTC) exchange-traded funds (ETFs) accumulated an impressive $948.3 million over five consecutive trading days. This remarkable streak marks the first time such a feat has been achieved from March 11 to March 15.
Farside data shows that on May 17 alone, the BTC ETFs witnessed a staggering $221.5 million in net inflows, with eight out of the 11 ETFs recording positive inflows. Fidelity’s FBTC led the charge, attracting $99.4 million, bringing its total net inflows to a remarkable $8.5 billion. BlackRock’s IBIT followed closely, with a $38.1 million inflow, taking its total net inflows to $15.6 billion. Grayscale’s GBTC also continued its positive momentum, recording a $31.6 million inflow, marking its third consecutive day of inflows. Despite this, GBTC’s total outflows stand at $17.6 billion. Collectively, the ETFs have amassed a net total of $12.6 billion.
According to data from heyapollo, the nine new BTC ETFs have surpassed 550,000 BTC in holdings, while Grayscale’s GBTC holds roughly 289,000 BTC.
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.
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