Spot Bitcoin ETFs noticed $667.4 million in inflows on Might 19, the second-largest single-day influx this month, marking a four-day streak of internet optimistic flows.
The surge was led by BlackRock’s IBIT with $305.9 million, adopted by Constancy’s FBTC with $199.1 million and Ark’s ARKB with $155.3 million in inflows. Monday’s inflow adopted regular shopping for throughout the earlier 4 buying and selling classes, bringing the cumulative inflows from Might 15 to Might 19 to only over $1.25 billion.
Might 15 noticed $114.9 million in internet inflows, a restoration from the sharp $91.4 million outflow on Might 13. That decline had adopted a interval of stagnation and outflows earlier within the month.
Nevertheless, by Might 14, investor urge for food had clearly returned, with $319.5 million coming into ETFs, led once more by IBIT and FBTC. Might 16 added one other $260.0 million, exhibiting continuity in shopping for strain that persevered by the weekend and into Monday.
Between Might 15 and Might 19, Bitcoin’s value climbed from $103,786 to $105,616, peaking at $106,473 on Might 18. The rally gained momentum over the weekend, suggesting ETF buyers have been front-running or following spot market energy somewhat than lagging behind it.
Regardless of a modest pullback on Might 19, the worth held above $105,000, a stage final examined in March, reinforcing the view that capital allocation into ETFs is intently tied to key value thresholds being reclaimed or defended.
In comparison with the sooner half of Might, when Might 6 noticed a internet outflow of $85.7 million and Might 13 marked the steepest withdrawal, the second half has proven a constant reversal.
With no outflows from Grayscale’s GBTC on Might 19 and a number of issuers posting sturdy exercise, the ETF market seems to have stabilized, monitoring Bitcoin’s push again above $100,000.
