-
Bitcoin (BTC) News Today: BTC-Spot ETF Flows and ETH-Spot ETFs in Focus
On Wednesday (May 22), bitcoin (BTC) declined by 0.84%. Following a 0.80% loss on Tuesday (May 21), BTC ended the session at $69,055. US BTC-spot ETF market flow data for Tuesday drove buyer demand for BTC early in the Wednesday session. According to Farside Investors, the US BTC-spot ETF market saw total net inflows of $305.7 million, up from $237.2 million on Monday (May 20). Significantly, iShares Bitcoin Trust (IBIT) reported net inflows of $290.0 million, its highest since April 5. However, jitters about a Fed interest rate hike overshadowed the flow data from Tuesday. The FOMC Meeting Minutes showed a ... (full story)