- Spot Bitcoin ETF inflows surge to 2-week high of $303 million.
- Bitcoin price jumps 7% to $66,567, near all-time high.
- Hedge funds join the rally, with Millennium holding $2 billion in Bitcoin ETFs.
Bitcoin prices rallied into bullish territory fueled by a surge in spot Bitcoin ETF inflows and a 7% price increase over the past day. This positive movement comes on the heels of key US inflation data meeting expectations, easing investor concerns.
Yesterday, May 15, the total net inflow of Bitcoin spot ETFs was $303 million. Grayscale ETF GBTC had a single-day net inflow of $27.0466 million, Fidelity ETF FBTC had an inflow of $131 million, and Bitwise ETF BITB had an inflow of $86.2578 million. https://t.co/npjWVH3bMi— Wu Blockchain (@WuBlockchain) May 16, 2024
On May 15th, spot Bitcoin ETF inflows in the US skyrocketed to a two-week high of $303 million. This significant inflow reflects renewed institutional confidence in the cryptocurrency, mirroring the positive sentiment in the market.
Fidelity’s FBTC fund led the charge, attracting a record-breaking $131 million on the day, its highest since March 26th. Bitwise’s BITB fund wasn’t far behind, experien…
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