Bitcoin exchange-traded funds (ETFs) continued to show remarkable bullish performance, recording net inflows of $329 million during the session on Tuesday, May 20, marking their fifth consecutive day of gains.
This strong momentum reflects growing confidence from investors in Bitcoin ETFs and boosts optimism in the markets about the future of cryptocurrencies. The ongoing demand for cryptocurrency exchange-traded funds (ETFs) indicates that investors' appetite has not been affected by any volatility; rather, it continues to grow at a rapid pace.
The IBIT funds managed by BlackRock led the Bitcoin ETF sector, attracting $287.45 million, representing about 90% of the total daily inflows.
Additionally, Fidelity's FBTC funds recorded inflows of $23.26 million, alongside other inflows from ARKB funds of ARK 21Shares which reached $6.36 million, Grayscale's Bitcoin Mini Trust which reached $6.16 million, and Bitwise's BITB which amounted to $5.78 million.
Notably, all 12 Bitcoin exchange-traded funds registered positive inflows with no withdrawals or outflows, clearly indicating a strong bullish trend in the market. The total trading volume reached $3.59 billion, with managed assets increasing to $126.80 billion, reflecting a widening investor base and growing demand for cryptocurrency exchange-traded products.
It is worth noting that this performance may indicate that Bitcoin ETFs have become key tools for attracting institutional investments to the cryptocurrency market. The digital currency market appears to be entering a new stage of maturity and expansion, driven by strong performance from ETFs.
