Fidelity, ARK, and Grayscale Report Significant Net Outflows

BlackRock's IBIT dominates with $430.8M inflow, while Fidelity and ARK experience outflows, reflecting dynamic shifts in institutional Bitcoin investment preferences.

BTC

198d ago

Summary

U.S. Bitcoin spot ETFs recorded $211.7M in net inflows on May 24, with BlackRock's IBIT leading the charge at +$430.8M. Meanwhile, Fidelity's FBTC and ARK's ARKB experienced outflows of $73.7M and $73.9M respectively, highlighting varied institutional investment patterns.

Terms & Concepts

Bitcoin spot ETF: An exchange-traded fund that directly tracks the current price of Bitcoin, allowing traditional investors to gain exposure to the cryptocurrency.