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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.

U.S. Bitcoin ETFs notch $948.3 million in accumulation over five days

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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.

Bitcoin ETF Flow Table: (Source: Farside)
Bitcoin ETF Flow Table: (Source: Farside)

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.

Bitcoin Holdings: (Source: Heyapollo)
Bitcoin Holdings: (Source: Heyapollo)

The post U.S. Bitcoin ETFs notch $948.3 million in accumulation over five days appeared first on CryptoSlate.

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