Fidelity’s $119.1 million inflow boosts Bitcoin ETF gains as inflows hit 13-day streak

Quick Take

On May 30, Farside data revealed that Bitcoin (BTC) Exchange-Traded Funds (ETFs) experienced another inflow of $48.8 million, marking 13 consecutive trading days of positive inflows. The current record is 17 successive inflows, indicating strong investor confidence in these financial instruments.

Among the ETFs, Fidelity’s FBTC witnessed the most significant inflow since May 15, with a substantial $119.1 million added, bringing its total net inflow to an impressive $8.9 billion. Bitwise’s BITB also saw a considerable inflow of $25.9 million, pushing its total net inflow to $2.0 billion. Conversely, Ark’s ARKB faced a significant outflow of $99.9 million, the largest since its launch, taking its total net inflow to $2.5 billion. Grayscale’s GBTC remained stagnant with no inflows or outflows, maintaining its total outflows at $17.8 billion. Overall, Bitcoin ETFs have accumulated total inflows of $13.8 billion, according to Farside data.

Additionally, Heyapollo data indicates that on May 30, 706 Bitcoins were accumulated.