The clean flow of funds in Bitcoin-ETF on May 12 amounted to $ 5.1 million

On Monday, May 12, the total clean flow of funds to the American spot, Bitcoin-ETF amounted to $ 5.1 million. This modest importance became possible solely due to the positive result from the IBIT fund controlled by BlackRock. Analysts noted that the interest of large investors in the Glavnio world cryptocurrency was extremely low at the beginning of the current week.

Meanwhile, the IBIT Foundation demonstrated a confident daily flow at the level of $ 69.4 million. This compensated for significant outflows from other American products: $ 32.9 million left GBTC (GrayScale), and BitWise (BITB) lost $ 17.7 million. In addition, an outflow of $ 11.1 million was recorded in FBTC from Fidelity.

The neutral indicators according to the results of the day showed the ARKB (Ark Invest), Brrr (Valkyrie) and BTC (Grayscale) funds, where there was no influx or outflow. There are also smaller players at zero – EZBC, BTCW and Hodl. It is worth noting that InVesco BTCO also lost $ 2.54 million over the past day

The total cost of transactions for all Bitcoin-ETF for the day amounted to $ 3.41 billion, and the net price of assets reached $ 119.69 billion. At the same time, the IBIT market share in digital coins increased to 3.12% with a current volume of $ 63.7 billion.

Despite a weak general influx, a stable trend in the accumulation of crypto actes of large managers is preserved. The IBIT position and the ongoing pressure on the GBTC indicate the redistribution of investor preferences.

Since the start of the Bitcoin-ETF launch in the United States, the total clean flow of funds has already amounted to $ 41.18 billion. Against this background, even small daily fluctuations demonstrate which participants form the structure of the market. Note that the total net value of assets is $ 119.69 billion or 5.87% of the total BTC capitalization.

Author

Peter Ivanov