The week begins on a strong note for Bitcoin investors as US Bitcoin ETFs registered net outflows of $217 million on Monday, May 6. This happened as all the top three Wall Street indices ended up in the green amid the rising expectations of Fed rate cuts very soon.
Fidelity Leads the Bitcoin ETF Inflows
On May 6, Bitcoin spot ETFs witnessed substantial net inflows totaling $217 million, underscoring growing investor interest in cryptocurrency exchange-traded products. Among the notable contributors to this influx, Grayscale ETF GBTC recorded a single-day net inflow of $3.937 million, for the second consecutive day.
However, the inflows into the Grayscale Bitcoin ETF GBTC have dropped significantly from $64 million, as witnessed last Friday, May 3. Speaking on the development, Amrita Nandakumar, president of Vident Investment Advisory said:
“Now that the tide has turned from outflows to inflows, I think moving forward it’s gonna be harder to predict what direction the flows will go.
We współpracy z: https://coingape.com/bitcoin-etf-inflows-remain-strong-as-wall-street-hopeful-of-fed-rate-cuts/
