
Bitcoin ETFs have seen significant inflows, marking a 14-day streak of positive net flows. On May 31, U.S. Bitcoin ETFs recorded $50 million in net inflows. Fidelity led with an inflow of $119.1 million, while BlackRock's IBIT added $169 million. In contrast, Ark Invest's ETF experienced a record outflow of $100 million. Overall, the total net flow for Bitcoin ETFs reached $48.8 million on May 30 and $52 million on May 31. The price of Bitcoin fluctuated, reaching a high of $69.5k before settling in the low $68k range. Additionally, ETF holdings reached an all-time high of 857,600 BTC. Kraken witnessed a massive outflow of $1.6 billion in Bitcoin transactions, signaling long-term holding strategies.
Onchain Highlight ๐ #Bitcoin exchange balances decline to five-year low, major outflows from Binance and Coinbase signal long-term holding strategies via @jvs_btc data via @glassnode https://t.co/1744MQ5Zq0
U.S. Bitcoin ETFs purchased ~30,000 #Bitcoinย in May ๐ $IBIT $GBTC $FBTC $ARKB $BITB https://t.co/gfUA3R9wDZ
Week 21 update: U.S. Bitcoin ETFs bought 2,730 $BTC this (short) week ๐ https://t.co/tpepDoXuuX
















