After Bitcoin regained its foothold at 62,000, everything felt better and I could breathe more smoothly. Yesterday, Wall Street ETFs finally started to rise after slumping for 7 days.
On May 3, the overall spot ETFs recorded a net inflow of 330 million US dollars, of which Fidelity's FBTC ranked first with an inflow of 103 million US dollars. In addition, this is the first time that the overall spot ETF has returned to net inflow after maintaining a net outflow for 7 days since April 24.
What is even more surprising is that since the Bitcoin Trust Fund was converted into a spot ETF, Grayscale GBTC saw a net inflow of 63 million US dollars for the first time yesterday after a long absence of 78 days of net outflow.
As of yesterday, the global Bitcoin spot ETF held a total of 930,083 BTC, worth more than 58.2 billion US dollars, of which the US spot ETF held 824,417 BTC, accounting for nearly 89%.
