U.S. spot Bitcoin exchange-traded funds (ETFs) extended their inflow streak to 10 consecutive days on May 28, reaching a total of $4.26 billion in net inflows during the run.
According to data compiled by Farside Investors, the ETFs recorded $432.7 million in net inflows on Wednesday alone. Notably, BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the entirety of those gains with a $481 million inflow, while other funds saw redemptions or stagnant flows.
ARKB (Ark Invest) and FBTC (Fidelity) posted net outflows of $34.3 million and $14 million, respectively. The remaining ETFs registered no activity for the day.
IBIT has proven to be the driving force behind this momentum. Over the current 10-day streak, BlackRock’s fund contributed a staggering $4.09 billion, representing approximately 96% of the total inflows.
Since launching in January 2024, IBIT has attracted $49 billion in total inflows — more than the entire sector’s cumulative $45.6 billion, excluding Grayscale’s converted GBTC.
Despite the broader market impact of $23.1 billion in net outflows from Grayscale’s higher-fee GBTC, IBIT’s continued strength reinforces its dominant position among spot BTC ETFs and its growing appeal to institutional and retail investors alike.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/spot-bitcoin-etfs-extend-inflow-streak-to-4-26b-over-10-days/