Bitcoin Spot ETFs Switch to Net Inflows After Two Trading Days... BlackRock's IBIT Drives $144 Million

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The U.S. Bitcoin spot ETF market saw a shift to net buying for the first time in two trading days.

According to SoSoValue data, the U.S. Bitcoin spot ETF market recorded a daily net inflow of $131.31 million as of May 14 (local time).

After showing outflows for two consecutive trading days on the 12th ($233.25 million) and 13th ($635.23 million), it switched back to an inflow on this day. The cumulative net inflow was recorded at $58.63 billion.

Out of a total of 13 tokens, capital inflows occurred in 6 tokens: BlackRock IBIT ($144.1 million), Bitwise BITB ($17.7 million), Grayscale Mini BTC ($12.6 million), VanEck HODL ($7.49 million), Morgan Stanley MSBT ($6.77 million), and Fidelity FBTC ($3.55 million).

On the other hand, four ETFs experienced outflows: Grayscale GBTC (-$31.64 million), Franklin EZBC (-$14.13 million), Ark ARKB (-$9.46 million), and Invesco BTCO (-$5.67 million).

The total trading volume for Bitcoin spot ETFs was recorded at $2.76 billion. Trading volumes by stock were led by BlackRock IBIT at $2.06 billion, followed by Fidelity FBTC at $287.94 million and Grayscale GBTC at $130.46 million.

The total net asset value is $107.75 billion, representing approximately 6.61% of Bitcoin's total market capitalization. The top ETFs by net asset value were BlackRock IBIT at $66.74 billion, Fidelity FBTC at $15.18 billion, and Grayscale GBTC at $12.16 billion.

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This article is based on market data and chart analysis and does not constitute investment advice for any specific stock.

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