Inflows into U.S. spot bitcoin ETFs totaled more than $221 million
— On May 17, the U.S. sector of spot bitcoin-ETFs recorded an inflow of capital, while in Hong Kong - an outflow.
— The crypto fund from Fidelity managed to attract the most funds.
— The fund of Grayscale Investments also recorded an inflow of $32 million.
On May 17, 2024, the U.S. spot bitcoin-ETF sector recorded a capital inflow of $221.54 million, according to SoSo Value.
According to the platform, the crypto fund from Fidelity took the top spot in terms of capital inflows on May 17. It added $99 million to its balance sheet.
The second is IBIT from BlackRock - $38 million. In third place is the investment product of Grayscale Investments 1 $32 million. The other funds received a total of $52 million.
The Hong Kong sector of spot bitcoin-ETFs recorded an outflow of funds - 6.41 BTC. A similar trend can be traced among Ethereum-based products. Here the outflow amounted to 31.32 ETH.
Earlier we reported that more than 600 companies invested a total of $3.5 billion in spot bitcoin-ETFs during the week.