Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Bitcoin ETFs in the US see $15.7 million in outflows

Share This Post

Quick Take

US Bitcoin ETFs saw an outflow of $15.7 million on May 7, marking the first day of outflows since May 2. According to data from Farside, Grayscale’s GBTC was responsible for the negative trend, as it recorded $28.6 million in outflows. This takes GBTC’s total outflows to over $17.48 billion since the launch of spot Bitcoin ETFs on Jan. 10.

BTC ETF Data: (Source: Farside)
Table showing the inflows and outflows for spot Bitcoin ETFs in the US from April 19 to May 7, 2024 (Source: Farside)

Aside from the outflows from Grayscale’s GBTC, inflows to other ETFs were relatively small. Invesco’s Galaxy Bitcoin ETF (BTCO) saw the highest inflow of the day of just $6 million, bringing its total net inflow to $284.6 million.

Fidelity’s FBTC and ARK’s ARKB saw inflows of $4.1 million and $2.8 million, respectively, bringing their total net inflows to $8.13 billion and $2.24 billion, respectively. However, despite relatively modest flows over the past few days, the overall inflow into US ETFs remains substantial, reaching $11.76 billion.

According to Hey Apollo, GBTC holds 292k BTC, IBIT holds 274k BTC, and the “Newborn 9” has a combined 536k BTC.

BTC Holdings: (Source: Hey Apollo)
Chart showing BTC holdings for spot Bitcoin ETFs on May 7, 2024 (Source: Hey Apollo)

The post Bitcoin ETFs in the US see $15.7 million in outflows appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Spot ETFs Score $1.81 Billion In Net Inflows As Market Revival Continues

The US Bitcoin ETFs are strongly reflecting the bullish sentiments that are ravaging the crypto market at the moment Following an impressive performance in the third week of April marked by $306

SUI and POL Investors Are Quietly Rotating Into Codename:Pepe — What’s Fueling This Shift?

The post SUI and POL Investors Are Quietly Rotating Into Codename:Pepe — What’s Fueling This Shift appeared first on Coinpedia Fintech News Investors in SUI and POL are beginning to rotate into

Crypto Winners and Wreckage: Fellaz, Virtual Soar as Trump and Move Lead Week’s Declines

On Sunday May 4, the crypto market cap stands at $297 trillion as several crypto assets saw decent gains and many recorded losses during a volatile week in crypto Several Crypto Tokens Climb as

$350 Might Just Be Enough—XYZ, SOL, and ADA Are Testing the Boundaries

The post $350 Might Just Be Enough—XYZ, SOL, and ADA Are Testing the Boundaries appeared first on Coinpedia Fintech News A small investment might unlock significant opportunities as certain digital

Bitcoin Faces Critical Task In Reclaiming $102,000 – Here’s Why

Bitcoin has produced an impressive price performance in the past two weeks, moving from around $85,000 to trade as high as $97,700 However, despite this recent bullish performance, the prospects of a

TRON’s X account hacked in the latest social engineering attack

The organization behind one of the world’s largest blockchain networks confirmed that TRON’s X account was compromised on May 2, 2025, in a targeted social engineering attack The breach lasted