Categories: Crypto

The inflow of funds into US spot Bitcoin ETFs amounted to more than $221 million

On May 17, 2024, the US spot Bitcoin ETF sector recorded an inflow of $221.54 million, according to SoSo Value.

According to the platform, the first place in terms of capital inflow on May 17 was taken by a crypto fund from Fidelity. It added $99 million to its balance sheet.

Second is IBIT from BlackRock - $38 million. In third place is the investment product of Grayscale Investments 1 $32 million. The remaining funds received a total of $52 million.

The Hong Kong spot Bitcoin ETF sector recorded an outflow of 6.41 BTC. A similar trend can be seen among Ethereum-based products. Here the outflow amounted to 31.32 ETH.

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