ARKB ETF sees $133 million in inflows amidst Bitcoin surge
New data reveals that the ARK 21Shares Bitcoin exchange-traded fund (ETF), also known as ARKB, has experienced a significant increase in inflows after reaching a critical level.
According to information provided by Farside Investors, the US Bitcoin (BTC) ETFs received a total of $100.5 million in net inflows on May 14, marking the first time in a week that such a high amount has been recorded. Notably, the Grayscale Bitcoin Trust (GBTC) ETF saw a net outflow of $50.9 million.
Additionally, the ARKB ETF recorded $133.1 million in inflows for the first time since March 27. It is worth mentioning that this ETF has now achieved net inflows of over $100 million for the seventh time.
Further data from Farside Investors shows that the ARKB ETF experienced its highest-ever inflow of $200.7 million on March 27, as well as its highest-ever outflow of $98.1 million on May 1.
In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) has seen zero inflows for the second consecutive day. On the other hand, the Fidelity Wise Origin Bitcoin Fund (FBTC) received $8.1 million in net inflows. On May 13, FBTC led the US BTC ETF market with $38.6 million in net inflows.
According to the data provider, BTCO, EZBC, BRRR, and HODL recorded net inflows of $5.5 million, $1.8 million, $1.2 million, and $1.7 million, respectively.
Currently, the BTC ETF market is nearing a total of $12 billion in net inflows, with the current figure standing at $11.84 billion.
Following the positive inflows into ETFs, Bitcoin has experienced a 0.5% increase in value over the past 24 hours and is currently trading at $62,150.
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