ARKB ETF Attracts $133 Million as Bitcoin Rises, Signaling Strong Market Confidence
In a significant market movement, the ARK 21Shares Bitcoin Exchange-Traded Fund (ARKB) has recorded an impressive $133.1 million in net inflows, marking its highest intake since March 27. This surge in capital allocation aligns closely with a key uptick in Bitcoin's value, affirming investor confidence in the cryptocurrency sector. Farside Investors reports that overall, U.S. Bitcoin ETFs saw $100.5 million in net inflows on May 14, indicating a robust week of investment activity. Conversely, the Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $50.9 million, contrasting sharply with the inflows seen in other funds. Notably, the ARKB ETF has consistently attracted substantial capital, with inflows surpassing the $100 million mark seven times previously. The fund reached its peak with a record $200.7 million inflow on First found on: Cryptonews from Coinatory
