On May 8, BTC struck a $ 100,000 mark, and a clean flow to the spotes ETF amounted to $ 142.3 million (Farside Investors data).
- Landigrates on the influx of May 7:
- Ark 21Shares (Arkb): $ 54 million
- Fidelity: $ 39 million
- BlackRock (IBIT): $ 37 million
Arkham: BlackRock held one 86 BTC transaction for $ 8.4 million
On May 8, the funds received another $ 117 million, including $ 69 million in IBIT by BlackRock.
Alex Podchakevich (Obchakevich Research):
“Institutional funds and hedge funds are actively entering BTC-especially through adjustable tools.”
The only fund with outflows is Grayscale (GBTC)
Reasons: High Commission (1.5%) and preferences of investors in the direction of more effective ETF.
There is also an increase in BTC correlation with NASDAQ (0.75) - the positive dynamics of the stock market enhanced the impulse.
Earlier, May 5:
- The influx in Bitcoin-ETF reached $ 425.5 million-a record since April.
