Data reveals that ARK 21Shares Bitcoin Exchange-Traded Fund (ETF), also known as ARKB, experienced a notable surge in inflows, hitting a significant milestone.
As per Farside Investors’ data, US Bitcoin (BTC) ETFs accumulated $100.5 million in net inflows on May 14, marking the first uptick in a week. Conversely, the Grayscale Bitcoin Trust (GBTC) ETF observed a total net outflow of $50.9 million.
Additionally, ARKB ETF recorded an impressive $133.1 million in inflows, marking the first time since March 27 that it surpassed this threshold. Notably, this ETF has witnessed net inflows exceeding $100 million for the seventh time. According to data from Farside Investors, the ARKB ETF saw its highest-ever inflow of $200.7 million on March 27, and its highest-ever outflow of $98.1 million on May 1.
BlackRock’s iShares Bitcoin Trust (IBIT) experienced its second consecutive day of zero inflows. Conversely, the Fidelity Wise Origin Bitcoin Fund (FBTC) saw a net inflow of $8.1 million. On May 13, FBTC led the U.S. BTC ETF market with a net inflow of $38.6 million.
Data from the provider BTCO indicates that BTCO, EZBC, BRRR, and HODL recorded net inflows of $5.5 million, $1.8 million, $1.2 million, and $1.7 million, respectively.
The total net inflows for the BTC ETF market are nearing $12 billion, currently standing at $11.84 billion.
Following the positive ETF inflows, Bitcoin saw a 0.5% increase over the past 24 hours and is trading at $62,150 at the time of writing.
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