Spot Bitcoin ETFs have achieved a major milestone, surpassing $40 billion in cumulative inflows as of May 19, according to Gracy Chen, CEO of leading crypto exchange Bitget. This development underscores growing institutional and retail confidence in Bitcoin, positioning it as a maturing strategic asset despite ongoing market volatility.
Launched in early January 2024, the 12 U.S.-approved spot Bitcoin ETFs have collectively attracted massive inflows, solidifying Bitcoin’s role in traditional finance. Recent data from crypto analytics platform SosoValue reveals that on May 16 alone, spot Bitcoin ETFs recorded $260.27 million in net inflows. BlackRock’s iShares Bitcoin Trust (IBIT) led with $129.73 million, followed by Fidelity’s FBTC at $67.95 million and ARK 21Shares’ ARKB with $57.98 million.
As of mid-May, total net inflows across all ETFs have reached $41.77 billion, highlighting sustained demand from institutional players such as asset managers, hedge funds, and retirement firms. This momentum reflects the increasing legitimization of Bitcoin as an investable asset class and suggests the foundation is being laid for a prolonged bull market.
Gracy Chen called the current trend “the most institutionally anchored cycle in crypto history,” emphasizing that the continued inflow of capital signals a broader shift in market dynamics. Her remarks align with the growing narrative that institutional adoption is accelerating Bitcoin’s mainstream integration.
At the time of writing, Bitcoin is trading at $105,450.90, up 1.74% over the last 24 hours, according to CoinMarketCap. Despite short-term price swings, investor sentiment remains bullish as ETF inflows continue to climb, reinforcing Bitcoin’s appeal as both a store of value and a hedge in uncertain macroeconomic conditions.
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