Spot Bitcoin ETFs See $100M Inflows On Wednesday Amid Institutional Adoption

Murtuza Merchant

May 15, 2024

Bitcoin spot exchange-traded funds (ETFs) continued to attract investor interest on May 14, with total net inflows into these funds reached $100.5 million, highlighting ongoing demand for direct exposure to Bitcoin (CRYPTO: BTC).

What Happened: This positive inflow comes despite a single-day net outflow of $50.93 million from Grayscale‘s industry-leading Bitcoin Investment Trust (OTC:GBTC), according to data from SoSoValue.

However, this outflow was offset by a significant net inflow of $133 million into Ark Invest and 21Shares‘ (BATS:ARKB) ETF. The total net asset value of all Bitcoin spot ETFs currently sits at $50.987 billion.

Institutional Interest On The Rise

The growing popularity of Bitcoin spot ETFs is further bolstered by recent SEC filings revealing the Wisconsin Investment Commission’s holdings.

This influential agency, established in 1951 to manage Wisconsin’s public pension and trust funds, currently holds $99 million in BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT).

This significant investment by a major state agency underscores the growing institutional interest in Bitcoin as a legitimate asset class.

Also Read: Wisconsin Invests Nearly $100M In BlackRock’s Spot Bitcoin ETF

Analyst Sees Future Inflows

Bloomberg analyst Eric Balchunas adds another layer of optimism to the Bitcoin spot ETF landscape.

While acknowledging the potential wait for larger institutions to follow suit, Balchunas highlights that the Wisconsin Investment Commission also holds $64 million in Grayscale GBTC.

This diversification strategy suggests a broader institutional embrace of Bitcoin exposure, potentially leading to a wave of new entrants in the near future.

Looking Ahead: Benzinga’s Future Of Digital Assets Event

With institutional adoption on the rise and investor appetite for Bitcoin spot ETFs remaining strong, the future of digital assets appears bright. For those seeking deeper insights into this evolving market, Benzinga’s Future of Digital Assets event, taking place on Nov. 19.

Read Next: Dutch Court Sentences Tornado Cash Developer To 64 Months For Money Laundering

Image: Shutterstock

Recommended

The 2025 'Trump Shock' [401K Owners Stunned] - Ad

Wall St. Icon: "If You Wait On This, It Will Already Be Too Late" - Ad

Warren Buffett's Investing Partner's Shocking Final Move - Ad

Basketball superstar Shaquille O'Neal's impact goes beyond basketball, with his larger-than-life personality and smart investments. Yet, one of his most unforgettable moments happened at Walmart.

Bitcoin, Ethereum, Dogecoin Spike Amid High Hopes From White House Crypto Summit: This Analyst Has Some Good News For Those 'Patiently Holding' Their ETH

Leading cryptocurrencies rallied on Wednesday on news that Bitcoin would be granted special status in the national strategic cryptocurrency reserve.

Steve Bannon Accidentally Revealed 'Secret' Trump Plan?

Steve Bannon Accidentally Revealed 'Secret' Trump Plan? - Ad

With one executive order, Trump could dismantle the rigged financial system--and return America to the gold standard. He's been stockpiling gold since 1974... should you? Discover the "Trump Loophole" to move funds from your IRA & 401(k) into gold--tax free!

Daylight saving time is coming and the golf industry can't wait

OMAHA, Neb. (AP) — Looking forward to more evening sunlight thanks to daylight saving time this weekend?

China's exports and imports weaken in Jan-Feb as demand slides amid global trade uncertainty

HONG KONG (AP) — China’s exports rose a less-than-expected 2.3% in January and February from a year earlier while imports fell more than 8% in a slow start to a year dogged by uncertainty over and other policies.

Trump, Musk & the Gold Play No One Sees Coming

Trump, Musk & the Gold Play No One Sees Coming - Ad

Fort Knox mystery could send gold skyrocketing. Because the real danger isn't missing gold. It's decades of Fed manipulation collapsing overnight. Right now, I've uncovered 5 major gold predictions that could make this Fort Knox moment even bigger than people realize. One of them is already unfolding.

New Meme Coin Cocoro Launched By Dogecoin's IP Rights Holder

Own the DOGE, the group behind the original Doge meme's intellectual property, has unveiled a new meme coin named Cocoro (COCORO), launched on Base, the Ethereum layer-2 network developed by Coinbase.

CDC Considers New Autism Study As Vaccine Safety Debate Persists

The CDC is planning a large study on potential vaccinAutism's links, despite extensive research dismissing any connection.

Forget "DOGE." Here's What Elon Is Really Planning

Forget "DOGE." Here's What Elon Is Really Planning - Ad

While the world watches Musk & Trump, his REAL plan is unfolding inside a Memphis warehouse. Even Nvidia's CEO is eyeing it. This could mint fortunes--if you move fast. Get the details before it's too late!

Broadcom Shares Jump 13% In After-Hours Trading On Strong AI Results - Gary Black Says, 'This Should Help AI Stocks Tomorrow

Broadcom Inc. shares jumped 12.82% in after-hours trading Thursday after reporting better-than-expected first-quarter results, recovering from a 6.33% drop during regular trading hours amid a broader artificial intelligence chip selloff.

Bitcoin, Ethereum, Dogecoin Recover On Strategic Reserve Bill In Congress: Top Analyst Foresees BTC's 'Swift Move' To $88,000-$92,000 If This Happens

Leading cryptocurrencies bounced back Tuesday after a Strategic Bitcoin Reserve bill was tabled in the House of Representatives.

The Stock Market Is Splitting in Two...

The Stock Market Is Splitting in Two... - Ad

Wall Street legend Louis Navellier just issued a stark warning...He says we're at the very early stages of an historic rupture in the stock market. In fact, the early cracks have already started to appear... Are you prepared for what's coming?

Alibaba Unveils New AI Chip To Power China's Open-Source Tech Push, Challenge US Chip Giants

Alibaba's new processor, XuanTie C930, boosts China's semiconductor industry by promoting open-source chips & AI acceleration, amid US sanctions.

Charlie Munger's Investment Wisdom: '95% Of People Have No Chance Of Beating S&P 500 Index'

The late Charlie Munger, renowned investor and vice chairman of Berkshire Hathaway (NYSE: BRK.A), once asserted that 95% of investors stand no chance of outperforming the S&P 500 Index.

Gold's About to Go Parabolic? (Trump's First Term Sent It Soaring)

Gold's About to Go Parabolic? (Trump's First Term Sent It Soaring) - Ad

During President Trump's first term, tariffs & rate cuts sent gold soaring 57%. Now, Trump is using the same playbook. Are you expecting different results? Hint: Gold is now surging, and experts predict gold could hit $4,000... even $10,000! Move funds from your IRA & 401(k) into gold--TAX & PENALTY-FREE--while you still can!

Elon Musk Calls SoftBank's Masayoshi Son 'Overleveraged' As $16 Billion AI Loan Fuels Debate About Viability Of OpenAI's Stargate Project

Tesla Inc. CEO Elon Musk criticized SoftBank Group CEO Masayoshi Son as "already overleveraged" on Sunday, reigniting concerns about funding for the ambitious Stargate AI project.

Tesla Out, Ford In: City Of Baltimore Goes 'In A Different Direction' Reversing EV Deal From 2024

Tesla is losing an EV city fleet deal in Baltimore to Ford. A look at what happened and how politics may have factored into the decision.

Elon Musk Drops Stunning Bombshell?

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the leaked details & how to profit!

Google Stock Rises 1.8% After Key Signal, Reversing Early Weakness

A significant trading signal occurred for Alphabet stock, as it demonstrated a Power Inflow at $164.60, after which it rose up to 1.8%.

Trump's Crypto Reserve Plan Sparks Controversy, Schiff Questions XRP Inclusion, Polymarket CEO Invited To White House: This Week In Crypto

The crypto world was shaken as Trump's announcement of a U.S. cryptocurrency reserve sparked backlash from tech allies, criticism from economist Peter Schiff, and calls for a Congressional investigation into potential insider trading and market manipulation.

The $20 Trillion Secret of Room 3330

The $20 Trillion Secret of Room 3330 - Ad

Developed by the U.S. military 79 years ago, this controversial technology is about to change American life forever: Elon Musk has already funneled $6 billion to resurrect this covert project -- and the companies involved are minting 10,000 millionaires every week [Goldman Sachs].

Walgreens Stock Rises As Company Inks $10B Deal To Go Private

Walgreens Boots Alliance shares are trading higher in Thursday's after-hours session after the company announced a deal to be acquired by Sycamore Partners.

Miu Miu celebrates femininity with a star-studded cast at Paris Fashion Week show

PARIS (AP) — At Miu Miu, the little sister brand of , the feminine wasn’t just celebrated — it was deconstructed, reconfigured and worn with a wink.

Elon's Biggest Secret Could Save Your Retirement

Elon's Biggest Secret Could Save Your Retirement - Ad

From a near-fatal car crash to surviving deadly malaria, Musk's fearless drive built Tesla, SpaceX, and Starlink. Now, he's warning America--and smart investors are listening. Discover the Trump IRS Loophole to protect your IRA & 401(k).

Palantir Cofounder Peter Thiel Might Write A Book About Ancient Prophecies, The Antichrist, And Armageddon - He Thinks We're Ignoring The Real Threat

Billionaire tech investor Peter Thiel is exploring a book on ancient prophecies, the Antichrist, and Armageddon, warning that society is ignoring the threat of a one-world government—a concern he believes demands urgent attention.

Mexican finance minister, a holdover from previous administration, resigns and is replaced by deputy

MEXICO CITY (AP) — Mexican Finance Secretary Rogelio Ramírez de la O, a holdover from the previous administration, resigned Friday for personal reasons and will be replaced by his deputy, President Claudia Sheinbaum said.

Debts, Deficits & Destruction of the US Dollar

Debts, Deficits & Destruction of the US Dollar - Ad

The economist Time Magazine called "out of step with economic reality" for predicting the U.S. economy would implode in his 2005 best-selling book Empire of Debt over two years before the Financial Crisis tore America and the global economy apart... is back to issue his next warning. Before you invest a single dollar in the markets -- or make any investment decisions -- it's critical you see this alarming video right away.

Trump's interior and energy secretaries cheer on natural gas export industry in Gulf Coast

PORT SULPHUR, La. (AP) — The planned expansion of a massive liquified natural gas facility in southeast Louisiana is a beacon for a U.S. energy policy that doubles down on oil and gas exports under President Donald Trump, two members of his Cabinet told a crowd of cheering workers Thursday.

Dollar General Q4 Earnings Preview: Revenue, Profit Margins, Tariffs In The Spotlight

Dollar General is set to release its fourth-quarter financial results ahead of Thursday's opening bell. Here's a look at what to expect in the report.

Earn 41% on Bitcoin Without the Risks

Earn 41% on Bitcoin Without the Risks - Ad

The markets are buzzing about a new opportunity...It's Bitcoin, but with a twist. Instead of speculation, you collect weekly income with yields as high as 41% annualized. This method is unlike anything you've seen before.

The Heart-Breaking Story Of Afghan Women Facing Deportation After Trump's USAID Aid Cuts

Over 80 Afghan women, studying under USAID scholarships in Oman, face imminent deportation due to Trump's aid freeze, risking dire consequences in Afghanistan.

Why Is Healthcare Technology Company Aclarion Stock Rocketing Premarket On Monday?

Aclarion shares rise on partnership with Scripps Health in San Diego, CA. The agreement brings Nociscan to Southern California's top spine specialists and research trials.

Exposed: 3 Cent Crypto to Explode March 24th?

Exposed: 3 Cent Crypto to Explode March 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on March 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Elon Musk's xAI Expands, Apple Delays Siri, Meta's AI Assistant May Get Paid Subscriptions, And More: This Week In AI

Whirlwind of tech activity with AI in focus: Elon Musk's xAI expands, Apple delays Siri upgrade, Meta may add subscriptions & ads, Palantir delivers AI-powered battle stations, Ex-Google CEO warns against global race for superintelligent AI.

How to roll over an old 401(k)

Old are a little like the old clothes in the back of your closet. You know you should do something about them, but there they sit, mostly out of sight and mind.

Tech Legend: "Buy These AI Stocks Before May 21st"

Tech Legend: "Buy These AI Stocks Before May 21st" - Ad

While everyone is distracted by Trump's tariffs and a potential trade war...There's something much bigger scheduled on May 21st... And it could have huge implications for AI stocks and the market overall. This announcement could end the recent correction... And send these five stocks exploding higher.

Apple Supplier Foxconn Unveils AI Model Using Nvidia Tech

Foxconn built AI model FoxBrain in 4 weeks with reasoning capabilities, aiming to advance manufacturing and supply chain management.

Europe-Based UCB's Bimzelx Data Reveals Sustained Skin Clearance In Inflammatory Skin Disorders

UCB's Bimzelx shows sustained efficacy in psoriasis and hidradenitis suppurativa, with high skin clearance rates and improved symptoms over long-term trials.

Are you owed an extra $2,105 a month in extra cash?

Are you owed an extra $2,105 a month in extra cash? - Ad

A little-known "loophole" has allowed a handful of regular Americans to legally collect over $109,200,000 in bonus cash. And today's your chance to join them. It doesn't matter how old you are or even how much money you make. And my research shows there's no way you can be denied from taking part in this opportunity.

Mortgage rates are declining, finally, but may hover at an uncomfortable level

LOS ANGELES (AP) — Mortgage rates have been , helping encourage prospective home shoppers just as the spring homebuying season gets going.

Trending Now