ARKB ETF Sees $133 Million Inflows as Bitcoin Surges

ARKB ETF Sees $133 Million Inflows as Bitcoin Surges

The ARK 21Shares Bitcoin exchange-traded fund (ETF), known as ARKB, has recorded substantial inflows as Bitcoin prices surged, indicating a renewed interest in cryptocurrency investments.

Data from Farside Investors shows that U.S. Bitcoin ETFs registered net inflows of $100.5 million on May 14, marking the first significant positive flow in a week. Notably, the Grayscale Bitcoin Trust (GBTC) ETF experienced a net outflow of $50.9 million on the same day.

The ARKB ETF, in particular, saw an impressive $133.1 million in inflows, the highest since March 27. This marks the seventh instance of the ETF receiving net inflows exceeding $100 million. According to Farside Investors, ARKB reached an all-time high inflow of $200.7 million on March 27 and an all-time high outflow of $98.1 million on May 1.

Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) recorded its second consecutive day of zero inflows, and Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw $8.1 million in net inflows. On May 13, FBTC led the U.S. Bitcoin ETF market with $38.6 million in net inflows.

Other Bitcoin ETFs also recorded positive flows: BTCO with $5.5 million, EZBC with $1.8 million, BRRR with $1.2 million, and HODL with $1.7 million.

The cumulative net inflows for the Bitcoin ETF market are approaching $12 billion, currently standing at $11.84 billion. Following the positive inflow news, Bitcoin’s price rose by 0.5% over the past 24 hours, trading at $62,150 at the time of reporting.

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