Farside reported that the US spot Bitcoin ETF saw the largest net inflow this month on May 143.1, despite Bitcoin prices dropping to $54,000, with inflows totaling an impressive $1 billion.
Despite recent market volatility, substantial inflows into these ETFs indicate institutional investors and large buyers are seizing the opportunity to accumulate Bitcoin at lower prices.
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Some inflows were particularly strong, led by the Fidelity Bitcoin ETF (FBTC), with inflows reaching $11.7 billion, demonstrating strong investor confidence.
Bitwise’s ETF (BITB) saw net inflows of $302,000, while VanEck’s ARK 21Shares Bitcoin ETF and HODL saw net inflows of $113,000 and $128,000 respectively.
In contrast, Grayscale Bitcoin Trust (GBTC) saw net outflows of $286,000, diverging from the positive trends seen elsewhere in the Bitcoin ETF market.
