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Bitcoin ETF Performance Recap: After $116M inflows, here’s what to expect in the week ahead

From fxempire.com

The week in the U.S. Spot Bitcoin ETFs unfolded with a mix of enthusiasm and setback. On Friday, Grayscale reported over $100 million in outflows, which even could have led to the subsequent Bitcoin price crash. However, these ETF products managed to garner over $116 million in inflows this week owing to the week’s great start. The week commenced on a high note, with US Bitcoin ETFs witnessing a robust influx of $217 million on Monday, May 6. This surge highlighted the escalating investor appetite for crypto exchange-traded products. Moreover, notable contributions came from Grayscale ETF GBTC, which recorded a ... (full story)

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  • Category: Fundamental Analysis