🥳 Earning Growth Points can Win an iPhone 16?
🔥 Gate Post Growth Points Summer Lucky Draw Round 1️⃣ 1️⃣ Is Live!
🎁Prize pool over $10,000! Win iPhone 16 Pro Max 512G, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=11
How to earn Growth Points fast?
1️⃣ Go to [Post], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
New feature this round: “Fragment Exchange”! Collect fragments to redeem exclusive Gate merch!
100% chance t
US-Based Spot Bitcoin Exchange-Traded Funds (ETF), Recorded 10 Consecutive Days of Net Inflows! Here are the Details
U.S.-based spot Bitcoin exchange-traded funds (ETF) recorded net inflows for 10 consecutive days as of May 28, experiencing an impressive capital flow totaling $4.26 billion. Leading this rally is BlackRock's iShares Bitcoin Trust (IBIT) fund.
BlackRock's IBIT Fund Sees Huge Interest: 10-Day Bitcoin ETF Inflows Exceed 4.2 Billion Dollars
On Wednesday alone, there was an inflow of 432.7 million dollars into Bitcoin ETFs. Almost the entire amount came from the IBIT fund, which attracted 481 million dollars on its own.
On the other hand, Ark Invest's ARKB fund experienced a net outflow of $34.3 million, while Fidelity's FBTC fund saw a net outflow of $14 million. No movement was observed in the remaining funds.
During the 10-day period in question, 96% of the net inflows amounting to (4.09 billion dollars) occurred solely in the IBIT fund. Since the launch of spot Bitcoin ETFs in January 2024, there has been a total inflow of 45.6 billion dollars into all funds.
In contrast, IBIT has received $49 billion in inflows since its launch, more than offsetting the $23.1 billion outflow from the high-fee Grayscale GBTC fund.
IBIT has maintained a record of 33 consecutive days of net inflows since April 9. During this period, it closed with zero inflows on only three days. Throughout these 33 days, the fund attracted 9.31 billion dollars in inflows, increasing its managed assets to 72 billion dollars.
ETF Store President Nate Geraci stated, "In the last 31 days, there have been inflows on 30 of those days. 9.5 billion dollars in new capital... IBIT announced that it will be among the top 5 ETFs with the highest inflows in 2025."
Bloomberg ETF Analyst Eric Balchunas said, "IBIT is currently the 23rd largest ETF at $72 billion. This fund is only 1 year old, while the other youngest ETF in the top 25 is 12 years old."
The trading volume in Spot Bitcoin ETFs continues to remain at its peak. Last week, as Bitcoin reached an all-time high of $112,000, the weekly volume in ETFs surpassed $25 billion. On Wednesday, May 28, the ETFs executed a total of $3.4 billion in transactions. Of this, $2.6 billion came from the IBIT fund, and its market share in this metric approached 80%.
On the other hand, spot Ethereum ETFs closed positively for the eighth consecutive day with a net inflow of $84.9 million.
BlackRock's ETHA fund received $52.7 million, Fidelity's FETH fund received $25.7 million, Grayscale ETH received $4.9 million, and Invesco QETH received $1.6 million in inflows. The total trading volume of Ethereum ETFs reached $446.9 million. The eight-day net inflow total reached $394.1 million.
BlackRock's IBIT fund is shining not only in the Bitcoin ETF market but also in the overall ETF league, providing strong signals that institutional investor interest continues to grow.
*It is not investment advice.
Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, start live price tracking immediately by downloading our Android and IOS applications!