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$117M Flows into Spot Bitcoin ETFs on May 8

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Investors are pouring into Spot Bitcoin ETFs

Investor demand for spot Bitcoin ETFs continues to surge, with a total net inflow of $117.46 million recorded on May 8 (Eastern Time). This strong capital influx highlights growing institutional appetite for regulated Bitcoin exposure. Industry giants like BlackRock and Fidelity are once again at the forefront.

BlackRock’s IBIT ETF led the pack with a daily net inflow of $69 million, pushing its historical net inflow to an impressive $44.35 billion. This figure underscores long-term confidence from institutional investors in Bitcoin’s potential.

Fidelity’s FBTC also saw solid performance, attracting $35.34 million in a single day. The ETF’s total net inflow now stands at $11.67 billion. These numbers reflect the broader trend: multiple providers are benefiting from rising interest in spot Bitcoin ETFs.

Spot ETFs gain ground in the crypto market

As of this writing, the combined net asset value of all spot Bitcoin ETFs has reached $118.66 billion. This represents 5.82% of Bitcoin’s total market capitalization. The growing ratio shows that ETFs are becoming a major force in the crypto space.

The historical cumulative net inflow into spot Bitcoin ETFs now totals $40.84 billion. These investment vehicles are increasingly serving as a steady source of liquidity and buying pressure. In the long run, this could contribute to price stability and broader mainstream adoption.

With these metrics, it’s clear that spot Bitcoin ETFs are more than just a temporary trend. They reflect a structural shift in how capital from traditional finance enters the crypto sector. Regulated crypto investing has officially entered a new era.

Marcel
Marcelhttps://cryptonewspub.com/
Marcel is the enthusiastic owner and editor-in-chief of CryptoNewsPub, the go-to source for the latest news, sharp analyses, and groundbreaking insights into the world of cryptocurrency and blockchain. With his passion for decentralization and innovation, he makes complex developments clear and accessible to both novice crypto enthusiasts and seasoned traders. Marcel’s articles inspire, inform, and empower you to embrace the digital financial revolution with confidence.

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