ARKB ETF records $133 million in inflows as BTC surged

Bitcoin ETF Inflows Surge

Recent data reveals that the ARK 21Shares Bitcoin exchange-traded fund (ETF), also known as ARKB, experienced a substantial increase in inflows after reaching a critical level. Farside Investors reported that on May 14, US Bitcoin ETFs saw a net inflow of $100.5 million, with ARKB ETF leading the way with $133.1 million in inflows, marking its highest inflow since March 27.

ETF Performance Highlights

The ARKB ETF set an all-time high inflow record of $200.7 million on March 27 and a corresponding outflow peak of $98.1 million on May 1. Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) experienced two consecutive days of zero inflows, while the Fidelity Wise Origin Bitcoin Fund (FBTC) saw $8.1 million in net inflows. FBTC led the U.S. BTC ETF market with $38.6 million in net inflows on May 13.

Market Overview and Future Trends

Other ETFs such as BTCO, EZBC, BRRR, and HODL recorded varying levels of net inflows, contributing to the overall growth of the Bitcoin ETF market, which is approaching a total of $12 billion in net inflows. Following the positive ETF inflows, Bitcoin saw a 0.5% increase in value over the past 24 hours, currently trading at $62,150.

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