The Bitcoin Spot ETF Net Inflow on May 3, 2024, is recorded at +$343M!

Notably, below are a few key updates on the statistics of 10 Bitcoin Spot ETFs:

• The net inflow turned positive after being negative for 7 consecutive trading days.
• The cumulative total net inflow after 79 trading days grew back to $11.53B.
• Grayscale Bitcoin Trust (GBTC) experienced the first single-day inflow since its inception.
• BlackRock iShares Bitcoin Trust (IBIT) started to experience a single-day inflow again after 7 days of zero flows and outflows; however, its inflow remained weak at $13M.
• Overall, 8 out of the 10 Bitcoin ETFs experienced inflows, led by the Fidelity Wise Origin Bitcoin Fund (FBTC) with $102.6M.

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Fig 1. 30-Day Net Inflow of 10 Bitcoin ETFs.