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Bitcoin ETF Inflow Shows Positive Signs With $378 Million On May 3

Key Points:

Bitcoin ETF inflow saw a surge on May 3, signaling renewed institutional interest.
Leading ETFs like Franklin Templeton’s EZBC and Fidelity’s FBTC reported record net inflows.
Hong Kong’s cryptocurrency-based ETFs showed significant growth, reflecting rising investor interest in the region’s crypto market.

Bitcoin ETF inflow witnessed a significant surge on May 3, signaling a potential shift in institutional sentiment towards these investment vehicles.

Bitcoin ETF Inflow Experiences Surge, Signaling Institutional Interest

Data from SoSoValue reveals the spot Bitcoin ETF inflow of $378 million, marking a stark reversal from seven consecutive days of outflows. Similarly, Grayscale’s GBTC recorded a rare single-day inflow of $63 million, further solidifying the growing interest in cryptocurrency ETFs among institutional investors.

Early reports indicate notable performances from various ETFs. Franklin Templeton’s EZBC reported a record daily net inflow of $60.9 million, followed by Bitwise’s BITB with $33.5 million, Ark Invest’s ARKB with $28.1 million, and VanEck’s HODL with $8.7 million.

Fidelity’s FBTC led the pack with $102.6 million in net inflows, while BlackRock’s IBIT brought in $12.7 million. Valkyrie’s BRRR and Invesco’s BTCO saw net inflows of $35.6 million and $33.2 million, respectively. However, WisdomTree’s BTCW and Hashdex’s DEFI recorded zero flows for the day.

Hong Kong’s Cryptocurrency ETFs Show Remarkable Growth

Meanwhile, Hong Kong’s cryptocurrency-based ETFs also demonstrated remarkable growth. Three Bitcoin spot ETFs in the region collectively secured about 4,225 BTC with net assets totaling $250 million.

Additionally, three spot Ethereum ETFs held over 16,000 ETH valued at $48.52 million, indicating a growing interest in the cryptocurrency market among investors in the area. This surge in inflows suggests a renewed confidence in cryptocurrency ETFs, potentially paving the way for further adoption by institutional investors.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.