๐Ÿš€๐ŸŽ‰ 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. ๐Ÿ“ˆ๐Ÿ’ฐ

Fidelity's FBTC fund led the pack, seeing $131 million in inflows for the day, its highest since March 26. Bitwiseโ€™s BITB fund also had a solid day with an inflow of $86 million, a figure not beaten since March 4. Even Grayscaleโ€™s GBTC saw an inflow with $27 million returning to its flagship BTC fund following four months of outflows. ๐Ÿฆ๐Ÿ’ธ

๐Ÿ”๐Ÿ“Š The latest US Security and Exchange Commission filings reveal that one of the worldโ€™s largest hedge funds, Millennium Management, holds a staggering $2 billion spot Bitcoin ETF portfolio. This portfolio is comprised of $844.2 million in BlackRockโ€™s IBIT, $806.7 million in Fidelityโ€™s FBTC, $202 million in Grayscaleโ€™s GBTC, $45.0 million in Arkโ€™s ARKB, and $44.7 million in Bitwiseโ€™s BITB. Millennium is now the largest holder of IBIT and FBTC. ๐Ÿ’ผ๐Ÿ’ฐ

๐ŸŽฏ The big ETF inflow day coincided with big gains for bitcoinโ€™s 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. ๐ŸŽ‰๐Ÿš€