- Spot Bitcoin ETFs have recorded $41.77 billion in inflows, highlighting increased confidence from financial institutions and large-scale investors.
- BlackRock, Fidelity, and ARK remain leading contributors to the ETF inflows, indicating ongoing institutional commitment to Bitcoin.
- Bitcoin’s growing adoption as a strategic asset class supports broader investor participation across both developed and emerging global markets.
Spot Bitcoin exchange-traded funds (ETFs) have reached a new milestone, drawing in $41.77 billion in cumulative inflows as of May 16. The data highlights sustained interest from institutional investors since the launch of 12 spot Bitcoin ETFs in early January 2024.
The top three in recent daily investments were BlackRock’s IBIT with $129.73 million, Fidelity’s FBTC with $67.95 million, and ARK & 21Shares’ ARKB with $57.98 million. All five spot Bitcoin ETFs had combined inflows of $260.27 million on May 16.
Gracy Chen Lays Out New Ways Crypto is Being Invested
Bitget CEO Gracy Chen pointed out how more institutional investors are getting involved in cryptocurrencies. She pointed out that the new highs signal a change in crypto history as more financial institutions enter the space. In Chen’s opinion, this trend may lead to firmer, sustained growth for the market down the road.
Month after month, the total increase in ETF inflows points to Bitcoin now being commonly seen as a strategic holding. The fact that more funds are being allocated during rough periods indicates that it is playing a different and more important role.
Bitcoin is Continuing to Go Up in Price
Despite the short-term changes in price, Bitcoin is continuing to trade upward. Recently, the cryptocurrency experienced a 1.74% increase, now valued at around $105,450.90. As prices move higher, the positive feeling from institutions gets stronger.
Bitcoin has not just become popular in the United States. Things look different in Argentina, where the cryptocurrency has reached a record price, showing how global demand is rising among those troubled by currency fall or inflation.
