đđ Bitcoin ETF inflows in the US hit a whopping $303 million on May 15, marking the highest inflow since May 3! This comes as BTC prices are skyrocketing, with the asset surging 7% over the past 24 hours, tapping $66,567 during early trading in Asia on Thursday morning. đđ°
Fidelity's FBTC fund led the pack, seeing $131 million in inflows for the day, its highest since March 26. Bitwiseâs BITB fund also had a solid day with an inflow of $86 million, a figure not beaten since March 4. Even Grayscaleâs GBTC saw an inflow with $27 million returning to its flagship BTC fund following four months of outflows. đŠđž
đđ The latest US Security and Exchange Commission filings reveal that one of the worldâs largest hedge funds, Millennium Management, holds a staggering $2 billion spot Bitcoin ETF portfolio. This portfolio is comprised of $844.2 million in BlackRockâs IBIT, $806.7 million in Fidelityâs FBTC, $202 million in Grayscaleâs GBTC, $45.0 million in Arkâs ARKB, and $44.7 million in Bitwiseâs BITB. Millennium is now the largest holder of IBIT and FBTC. đŒđ°
đŻ The big ETF inflow day coincided with big gains for bitcoinâs price. BTC was changing hands for $65,900 at the time of writing, following a gain of 15% over the past fortnight, bringing it to just 10% from its all-time high. The crypto markets reacted positively to the April CPI data in the US, which came in lower than expected at 0.3%, increasing the likelihood of the Federal Reserve reducing rates and injecting more liquidity into markets, a good news for high-risk assets such as crypto. đđ