The inflow into spot Bitcoin ETFs continued for the fourth day in a row

Against the backdrop of market revival, on May 19, the net inflow into spot exchange products (ETF) based on the first cryptocurrency amounted to $667.44 million, according to SoSoValue.

Data: SoSo Value. The cumulative indicator exceeded $42 billion. The total assets under management of spot ETFs amount to ~$125 billion, 96% of the market capitalization of Bitcoin.

The positive trend continued for the fourth day in a row:

Data: SoSo Value. The largest inflow of funds over the day came to:

• IBIT from BlackRock — $305.9 million;
• FBTC from Fidelity — $188 million;
• ARKB (ARK 21Shares Bitcoin ETF) — $155 million.

A outflow of ($5.27 million) is recorded only for one product — BTCO from Invesco.

Ethereum

The net inflow of funds into spot exchange products based on Ethereum on May 19 amounted to $13.66 million.

Data: SoSo Value. The entire above amount was attributed to ETHA from BlackRock. No net outflows have been recorded.

The total assets under management by spot Ethereum ETF providers amount to $8.72 billion (2, which is 2.86% of the total capitalization of Ether).

In the last 24 hours, Bitcoin has risen by 2.9%, approaching the mark of $106,000. Ethereum has increased by 6.8%, according to CoinGecko.

Let us remind you that Bitwise investment manager Matt Hougan predicted record inflows into the digital gold-based ETF.