The post U.S. Bitcoin ETFs See Massive Inflows, Outpacing Mined Supply appeared first on Coinpedia Fintech News
This week, the U.S. spot Bitcoin ETF saw purchases of nearly five times the amount of Bitcoin mined. By May 16, these ETFs had gathered 11,188 BTC, with a notable net inflow of $257 million on Thursday alone. Major players like Grayscale, BlackRock, and Fidelity also recorded significant inflows. In contrast, Hong Kong Bitcoin ETFs experienced an outflow of $25 million, highlighting investor apathy. Despite initial enthusiasm, caution prevails among investors in Hong Kong due to China’s uncertain stance on cryptocurrencies.
