Quick Take
Farside data shows that Bitcoin (BTC) Exchange-traded funds (ETFs) experienced $45 million in inflows on May 28. Seven of eleven ETFs recorded positive inflows, reflecting broad interest among issuers. BlackRock’s IBIT ETF led the inflows with $102.5 million, raising its total net inflow to $16.5 billion. Fidelity’s FBTC ETF saw $34.3 million in inflows, bringing its total to $8.7 billion. Conversely, Grayscale’s GBTC ETF experienced a $105.2 million outflow, increasing its net outflows to $17.7 billion. The cumulative net inflows across all ETFs have now reached $13.7 billion.
In terms of Bitcoin holdings, BlackRock’s IBIT has overtaken Grayscale’s GBTC, becoming the largest US Bitcoin ETF. HeyApollo data shows IBIT now holds 288,670 BTC, compared to GBTC’s 287,450 BTC.
![US Listed Spot Bitcoin ETFs: (Source: heyapollo)](https://cryptoslate.com/wp-content/uploads/2024/05/ETF-20.png)
The net accumulation of Bitcoin by ETFs on May 28 amounted to 642 BTC, according to heyapollo.
![ETF BTC Flows May 28: (Source: Heyapollo)](https://cryptoslate.com/wp-content/uploads/2024/05/ETF-21.png)
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