Bitcoin ETFs recorded $100.5 million in net inflows on May 14, with significant contributions from Ark Invest and 21Shares' $133 million inflow, despite Grayscale’s GBTC seeing a $51 million outflow. The total net asset value of Bitcoin ETFs stands at approximately $51 billion. Meanwhile, Bitcoin is trading above $62,000, driven by optimistic market predictions suggesting it could reach $95,000. This positive outlook coincides with Vanguard's hiring of Salim Ramji, former head of BlackRock’s ETF business, as CEO, even though Vanguard has historically opposed listing Bitcoin ETFs. The market sentiment for Bitcoin remains bullish, with expectations of substantial price increases in the near future.
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