Bitcoin ETFs add almost $256 million in BTC.

According to a recent report from the

@lookonchain analytics account on X, on May 16, the spot Bitcoin exchange-traded funds witnessed an impressive cumulative

inflow of more than $255.94 million – the

equivalent of 3,893 BTC. All of those funds went into nine ETFs.

The largest Bitcoin fund, run by Grayscale, has seen outflows of 839 BTC, which is the equivalent of $55,200. Currently, GBTC holds a total of 288,498 BTC under management worth $18.86 billion.

Fidelity ETF has added 1,989 BTC worth more than $130,79 million. After this inflow, the overall amount of Bitcoin it holds is 155,745 BTC, evaluated at $10.24 billion.

In the last 24 hours, the leading cryptocurrency, Bitcoin, has initiated a moderate increase of less than 2% as it surpassed the $66,000 level and is currently changing hands at $66,340 per coin.