Key Points
- Bitcoin ETFs recorded inflows of $303 million on May 15, as BTC trades above $65k.
- Millennium Management hedge fund reveals holdings of $2 billion in Bitcoin ETFs.
The latest reports from SoSoValue reveal inflows of $303 million in the crypto products for the other day, May 15. Here are the most significant Bitcoin ETF inflows:
- Grayscale’s Bitcoin ETF, GBTC recorded a single-day net inflow of over $27 million.
- Fidelity’s Bitcoin ETF, FBTC had an inflow of $131 million.
- Bitwise’s Bitcoin ETF, BIBT had an inflow of over $86 million.
- Ark Invest and 21Shares’ Bitcoin ETF, ARKB, brought in $39 million.
Bitcoin ETFs managed by Valkyrie, VanEck, Franklin Templeton, WisdomTree, Invesco, and Galaxy Digital also reported single-digit net inflows.
Millennium Management hedge fund holds $2 billion in Bitcoin ETFs
According to the latest SEC filings, Millennium Management, one of the world’s largest hedge funds, holds almost $2 billion in Bitcoin ETFs invested in Q1 2024.
Millennium invested a total of $1.94 billion in Bitcoin ETF shares, distributed across five funds.
- $45 million in Ark 21Shares Bitcoin ETF (ARKB)
- $44.7 million in Bitwise Bitcoin ETF (BIBT)
- $202 million in Grayscale’s Bitcoin ETF (GBTC)
- $844.2 million in BlackRock’s Bitcoin ETF (IBIT)
- $806.7 million in Fidelity’s Bitcoin ETF (FBTC)
Also, Schonfeld Strategic Advisors disclosed a $248.0 million investment in BlackRock’s IBIT and a $231.8 million investment in Fidelity’s FBTC, totaling $479 million.
BTC trades above $65k
Following the latest CPI report released yesterday showing that inflation dropped to 3.4% for April, the market reacted positively and BTC is now trading above $65k.
At the moment of writing this article, BTC is up by over 6% in the past 24 hours, according to data from CoinMarketCap.
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The ease of inflation from a year ago was in line with economists’ expectations. Investors have been waiting for the latest CPI data in order to gain clues on when and how often the Fed might cut interest rates this year.
The past three CPI reports were hotter than expected and led investors to pull back expectations for interest-rate cuts.
