Today at 9:57 AM | Bitcoin

Cumulative inflows to Bitcoin ETFs surpassed $40 billion

Cumulative inflows to Bitcoin ETFs surpassed $40 billion

According to CEO of Bitget, Gracy Chen, as of May 19, Bitcoin-backed exchange-traded funds (ETFs) posted a cumulative inflow of more than $40 billion. 

Bitcoin-ETFs continue to raise significant capital since launching in early January 2024, which reflects strong interest from retail and institutional investors, despite periods of increased market volatility. SosoValue reports that investments in such exchange-traded funds totaled $260.27 million on May 16. BlackRock’s iShares Bitcoin Trust (IBIT) was the leader with the notable inflow of $129.73 million. Investments in FBTC by Fidelity and ARKB by ARK & 21Shares reached $67.95 million and $57.98 million, respectively.      

Gracy Chen highlights that the record inflows into Bitcoin-ETFs have a broad impact on the crypto market. She believes they indicate strengthening institutional confidence in cryptocurrencies, especially Bitcoin. Besides, this influx of capital could push the price of the main cryptocurrency up, says the CEO of Bitget.

Period: 27.05.2025 Expectation: 50000 pips
Buying BTCUSD amid growing institutional adoption with target 110,000
Today at 12:21 PM 16
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Period: 30.05.2025 Expectation: 5000 pips
Tesla shares correct after explosive gains
Today at 08:25 AM 18
Period: 22.05.2025 Expectation: 600 pips
AUDUSD will grow to 0.64900 amid US rating downgrade
Today at 08:20 AM 24
Gold buy
Period: 23.05.2025 Expectation: 6000 pips
US credit downgrade would send gold to 3290
Yesterday at 11:09 AM 125
Period: 26.05.2025 Expectation: 3000 pips
Fundamental factors constrain SPX's growth potential
Yesterday at 08:27 AM 49
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Period: 23.05.2025 Expectation: 700 pips
Silver will drop to 31.7 amid de-escalation of US-China relations
Yesterday at 07:55 AM 29
Go to forecasts