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US spot Bitcoin ETF products drew $622.75 million in net inflows during the week of May 4 to 8, extending the streak to six consecutive weeks of positive flows.
US spot Bitcoin ETFs have now seen six consecutive weeks of net inflows, totaling $3.4 billion.
KEY POINTS
- BlackRock’s IBIT accounted for $596 million of last week's inflows, dominating the Bitcoin ETF market.
- Grayscale’s GBTC reported $62 million in net outflows despite overall positive market flows.
- Last week's $622.75 million inflow was the second-highest during this six-week streak.
- Analysts attribute the sustained inflows to a structural institutional rotation into Bitcoin, not speculation.
COMPANIES
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