After a brief pause on Tuesday, May 13, bitcoin exchange-traded funds (ETFs) returned with fresh fire on Wednesday, May 14. A robust $319.56 million in net inflows flooded into the market
Crypto exchange-traded funds (ETFs) continued their strong performance on Wednesday, May 14, with bitcoin ETFs roaring back to life after a brief pause.
The 12 bitcoin ETFs saw a combined net inflow of $319.56 million, led by BlackRock’s IBIT, which pulled in an astounding $232.89 million. Fidelity’s FBTC followed with $36.13 million, and Grayscale’s Bitcoin Mini Trust added $35.23 million.
Smaller but noteworthy contributions came from VanEck’s HODL with $7.32 million, ARKB with $5.16 million, and Bitwise’s BITB with $2.82 million. No outflows were recorded across any of the 12 funds, and total value traded reached $2.74 billion.
As a result, net assets for the bitcoin ETFs rose to $121.84 billion.
Ether ETFs also continued their rebound, logging a second straight day of inflows. The three ether ETFs saw a total net inflow of $63.47 million.
Leading the charge was BlackRock’s ETHA, which attracted $57.61 million, while Fidelity’s FETH chipped in with $5.86 million. The three ether ETFs had a total value traded of $447.95 million, and net assets reached $9.04 billion.
The sustained inflows into both bitcoin and ether ETFs highlight the ongoing institutional appetite for crypto products. The wave of new offerings and the strong performance of existing products bode well for further growth in the crypto ETF market.
However, it remains to be seen how long the bullish momentum in crypto ETFs can be sustained. The market is still volatile, and any negative news or events could quickly reverse the positive trends observed in recent days. Nevertheless, the strong institutional demand and the potential for further adoption in the retail sector suggest that crypto ETFs could continue to play a significant role in the evolving digital asset landscape.
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