BitcoinMonthly Overview
In May 2024, net flows into spot crypto ETFs were predominantly positive, with a total net increase of +$2.1B. BTC was the only asset to record flows this month, indicating a concentrated movement of capital into this cryptocurrency.
Weekly Breakdown
| Week | Net flow |
|---|---|
| May 1 – May 3 | -$219.8M |
| May 6 – May 10 | +$116.8M |
| May 13 – May 17 | +$948.3M |
| May 20 – May 24 | +$1.1B |
| May 28 – May 31 | +$170.9M |
Biggest Fund Moves
Largest inflows
- BlackRock (BTC): +$1.2B
- Fidelity (BTC): +$771.5M
- 21Shares (BTC): +$255.9M
- Bitwise (BTC): +$220.1M
- Invesco (BTC): +$79.1M
Largest outflows
- Grayscale (BTC): -$599.2M
Market Interpretation
Institutional positioning showed a significant inflow of capital into BTC, primarily from large funds such as BlackRock, Fidelity, and 21Shares. Grayscale was the sole fund recording outflows, losing -$599.2M, while the best day for inflows occurred on May 3 with +$378.3M, suggesting strong demand. The fluctuations within the month, including a particularly negative start, reflect a cautious yet eventual resurgence in investor sentiment towards BTC.
Conclusion
May closed with a notable net figure of +$2.1B, driven solely by BTC inflows. This month highlights the concentrated interest in BTC, with no other assets attracting capital.
Flows are net creations minus redemptions, published the next morning (T+1). Text written by AI from computed figures. Market data for informational purposes only. Not investment advice.