Global ETF reports, cryptocurrency news outlets

U.S. Bitcoin ETFs Add 1,318 BTC, $130M Inflows; Bracebridge Tops Holders

May 13, 2024, 12:40 PM

Recent data indicates a significant resurgence in the Bitcoin ETF market, with U.S. spot Bitcoin ETFs experiencing a net positive inflow of 1,318 Bitcoins last week, marking the first positive weekly net flow since early April. This increase contributed to the global Bitcoin ETF holdings which now total 949,756 Bitcoins, accounting for 4.5% of the total Bitcoin supply. Despite the overall positive trend, the Grayscale Bitcoin Trust (GBTC) was the only ETF that recorded outflows. Additionally, digital asset investment products saw inflows totaling $130 million last week, the first in over a month, with the majority of these inflows occurring in the U.S. totaling $135 million. Since their inception in mid-January, Bitcoin ETFs have seen a net investment of approximately $11 billion. Bracebridge Capital has emerged as a significant player, reporting ownership of $433 million in Bitcoin through various ETFs, making it the largest holder to file with the SEC.