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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 see $237 million inflow on May 20, led by Ark and BlackRock

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Farside data shows that Bitcoin (BTC) exchange-traded funds (ETFs) saw a staggering $237.2 million inflow on May 20. Six of the 11 ETF issuers experienced significant inflows, with Ark ARKB leading the pack with a $68.3 million inflow, bringing its total net inflow to an impressive $2.6 billion. BlackRock IBIT followed closely with a $66.4 million inflow, taking its total net inflow to a substantial $15.7 billion. Fidelity FBTC also witnessed a $64.0 million inflow, raising its total net inflow to $8.5 billion.

BTC ETF Flow Table: (Source: Farside Investors)
BTC ETF Flow Table: (Source: Farside Investors)

Grayscale GBTC, despite facing a total net outflow of $17.6 billion, managed to attract a $9.3 million inflow on May 20. The total net inflows for ETFs now stand at $12.9 billion, according to Farside data.

Data from heyapollo, the BTC ETFs accumulated a remarkable 3,519 Bitcoin on May 20, which is approximately eight times the daily mined supply of around 450 BTC.

ETF BTC Flows (May 20): (Source: Heyapollo)
ETF BTC Flows (May 20): (Source: Heyapollo)

Bitcoin is around $71,000, reflecting an 8% increase over the past five days.

The post Bitcoin ETFs see $237 million inflow on May 20, led by Ark and BlackRock appeared first on CryptoSlate.

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