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Bitwise Defies Odd to Emerge as Only Bitcoin ETF with Inflows

The flow situation of spot Bitcoin ETFs seems to be declining daily as Wednesday saw another intriguing situation.

According to data from SoSo Value, only Bitwise’s Bitcoin ETF BITB recorded inflows of about $12 million on May 8. This leaves other spot Bitcoin ETF issuers including BlackRock Inc (NYSE: BLK), Fidelity Investments, Grayscale Investments, and VanEck, without net inflows or even outflows.

Spot Bitcoin ETFs: From Inflows to Massive Outflows

These investment asset management firms received approval from the United States Securities and Exchange Commission (SEC) for their respective listings in January. Since that time till now, they have collectively registered more than $11.77 billion in net inflows.

By February, BlackRock’s IBIT had recorded $3.1 billion in inflows and this made it the fifth-largest of all US ETFs.

The values recorded were quite encouraging, leading to a bold prediction from JMP Securities. Precisely, analysts from JMP Securities speculated that spot Bitcoin ETF inflows would climb to License.

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