Spot Bitcoin ETFs See Huge Cash Inflows

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. BlackRock leads the charge Ether funds bleed Advertisement Spot Bitcoin Exchange-Traded Funds (ETFs) experienced a massive wave of capital on Thursday. According to data tracking the nascent market, the sector recorded total daily net inflows of $131.30 million, reversing recent outflows and signaling renewed institutional appetite for the flagship cryptocurrency. BlackRock leads the charge The lion's share of Tuesday's capital influx was captured by BlackRock. The asset management giant's iShares Bitcoin Trust (IBIT) alone accounted for an impressive $144 million in net inflows. This massive purchase by BlackRock offset minor outflows seen in other funds, resulting in the overall net positive day for the sector. HOT Stories Bitcoin (BTC) Says Goodbye to $80,000, Dogecoin (DOGE) Spikes 50% Hinting at New Rally, Toncoin (TON) Risks Losing $2: Crypto Market Review XRP Crushes Every Major Coin with Massive Gains As of May 15, IBIT remains the dominant force in the spot Bitcoin ETF market, commanding over $64 billion in Assets Under Management (AUM) and generating over $2 billion in daily trading volume. Fidelity's Wise Origin Bitcoin Fund (FBTC) remains a distant second, with approximately $14.16 billion in AUM. Advertisement Currently, the total net assets held across all spot Bitcoin ETFs stand at a staggering $105.51 billion, representing a cumulative total net inflow of $59.06 billion since the products launched in early 2024. Ether funds bleed Bitcoin ETFs are enjoying a resurgence of fresh capital, but the same cannot be said for their Ethereum counterparts. On the same day that Bitcoin funds pulled in over $130 million, spot Ethereum ETFs experienced total net outflows of $5.65 million. This marks the fourth consecutive day of net outflows for Ether-based funds. Advertisement The contrasting fortunes between the two major crypto assets suggest that traditional market investors are currently heavily favoring Bitcoin as their primary digital asset exposure vehicle, while expressing hesitancy toward Ethereum's current market position. #Bitcoin News