Gracy Chen, CEO of the well-known cryptocurrency Exchange Bitget, revealed a major milestone in the Bitcoin ecosystem in Monday’s X-Post.
According to the post, Spot Bitcoin ETF surpassed its cumulative $40 billion inflow as of May 19th, building strong trust in both retail and institutional Bitcoin investors.
Over $40 billion milestone
Despite regular market volatility, institutional interest in Bitcoin remains strong, with 12 Bitcoin ETFs collectively accumulating hundreds of billions of influx since launching in early January 2024.
Following the recent bullish moves in major cryptocurrencies, Spot Bitcoin ETFs will continue to attract key capital. Data from popular Crypto tracking platform SOSOVALUE shows that these ETFs totaled $260.27 million on May 16th.
BlackRock’s IBIT led the fees with a substantial $129.73 million inflow, with Fidelity’s FBTC and ARKB of ARK&21 Shares recording $67.95 million and $57.98 million, respectively.
As of May 16th, the total cumulative net inflow across all 12 ETFs reached $41.777 billion.
This historic influx marks the transformation of Bitcoin into a strategic asset class that is increasingly accepted by institutional giants and major financial companies.
Demand Rocket for Bitcoin Facility
Gracie Chen emphasizes the broader impact this milestone has on the crypto market, reflecting a surge in institutional trust, particularly in Bitcoin.
She describes current trends as “the most institutionally fixed cycle in the history of code,” highlighting how this influx of institutional capital lays the foundation for a long-term bull run.
Bitcoin has recently shown a mix of market signals, but traders remain optimistic. CoinMarketCap data shows that Bitcoin is trading green, with prices rising by 1.74% over the last 24 hours, pushing the current price to $105,450.90 as of press time.
