Bitcoin ETF Net Inflow Update on May 7, 2024

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May 08, 04:01

SOC Team

Bitcoin ETF Net Inflow Update on May 7, 2024

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Daily BTC ETFs Total Net Inflow

The Bitcoin Spot ETF Net Inflow on May 7, 2024, is recorded at -$16M!

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

The net inflow turned negative after 2 consecutive trading days of being positive.
The cumulative total net inflow after 81 trading days slightly dropped to $11.76B.
Grayscale Bitcoin Trust (GBTC) re-experienced a single-day outflow of $28.6M after 2 days with inflows.
Overall, the single-day inflows and outflows of all 10 Bitcoin ETFs had slowed down significantly, with five out of ten ETFs, including BlackRock's iShares Bitcoin Trust (IBIT), experiencing zero flow.

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

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2024 May 18 - 04:01

Bitcoin ETF Net Inflow Update on May 17, 2024

The 10 Bitcoin Spot ETFs further brought in $222M after the May 17, 2024 trading day. Notably, the net inflow has been positive for this entire trading week, as the BTC price rebounded by 10.3% (7D), from $60,790 to $67,002 as of now.

2024 May 17 - 03:35

Bitcoin ETF Net Inflow Update on May 16, 2024

The 10 Bitcoin Spot ETFs brought in another $258M after the May 16, 2024 trading day. Notably, BlackRock's iShares Bitcoin Trust (IBIT) made a strong comeback with a single-day inflow of $94M, after having zero flows for 3 consecutive days.

2024 May 16 - 03:30

Bitcoin ETF Net Inflow Update on May 15, 2024

The 10 Bitcoin Spot ETFs further brought in a net inflow of $303M after the May 15, 2024 trading day. Notably, 9 out of the 10 US Bitcoin ETFs, including Grayscale Bitcoin Trust (GBTC), had single-day inflows. BlackRock's iShares Bitcoin Trust (IBIT) was the only one with zero flow.