CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
coinpedia 2024-05-17 06:52:01

U.S. Bitcoin ETFs See Massive Inflows, Outpacing Mined Supply

The post U.S. Bitcoin ETFs See Massive Inflows, Outpacing Mined Supply appeared first on Coinpedia Fintech News This week, the U.S. spot Bitcoin ETF saw purchases of nearly five times the amount of Bitcoin mined. By May 16, these ETFs had gathered 11,188 BTC, with a notable net inflow of $257 million on Thursday alone. Major players like Grayscale, BlackRock, and Fidelity also recorded significant inflows. In contrast, Hong Kong Bitcoin ETFs …

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.