Spot BTC ETFs See $305.7M Influx; BlackRock Leads with $290M

The post Spot BTC ETFs See $305.7M Influx; BlackRock Leads with $290M appeared first on Coinpedia Fintech News

Spot BTC ETFs saw a notable influx totaling $305.7 million on Tuesday, May 21. BlackRock led with an impressive $290 million in inflows, grabbing the limelight. Fidelity’s FBTC also recorded a significant influx of $25.8 million, while Grayscale’s GBTC saw zero flows. The Bitwise BTC ETF experienced outflows of $4.2 million, and VanEck’s HODL followed with $5.9 million in outflows. Despite the inflows, Bitcoin’s price is experiencing volatility. After a significant rise on Monday, its price fell from $71,500 to $69,000 and is currently trading around $70,000.