Bitcoin ETF Inflows Surge with Fidelity and GBTC Support! 🚀

Spot Bitcoin ETF Inflows Surge Amid Price Surge 📈

Spot Bitcoin ETF inflows in the U.S. reached a two-week high of $303 million as Bitcoin’s price exceeded $66,000. Institutional investors also made significant moves in the market, adding to the momentum.

Increasing Inflows Across U.S. Bitcoin ETFs 📈

U.S. spot Bitcoin ETF inflows hit $303 million, the highest in two weeks.
All U.S. spot Bitcoin ETFs, except IBIT, received inflows on May 15th.
Fidelity’s FBTC led with $131.3 million in inflows.
Grayscale’s GBTC saw inflows of $27 million after a week.

Price Surge and Institutional Activity 🚀

Bitcoin’s price surged following a report showing easing inflation.
Quarterly 13F filings revealed institutional investments in spot Bitcoin ETFs.
Hedge funds like Millennium Management and Elliot Capital made significant investments.
The State of Wisconsin’s Investment Board allocated $163 million to Bitcoin ETFs.

Institutional Interest in Bitcoin ETFs 🏦

Various hedge funds and Apollo Management Holdings showed interest in Bitcoin ETFs.
State of Wisconsin’s Investment Board allocated a portion of its holdings to Bitcoin ETFs.
Fidelity Digital Assets VP highlighted the early days of pensions investing in crypto.

Arizona’s Move Toward Bitcoin ETFs 🌵

An Arizona state bill aimed to encourage the inclusion of Bitcoin ETFs in retirement plans.
It highlighted the need to monitor developments in digital assets and their implications on investment portfolios.

Hot Take: Bitcoin ETFs Gain Traction Among Institutions 📈

As Bitcoin’s price continues to surge, institutional interest in spot Bitcoin ETFs is on the rise. Investors are diversifying their portfolios and exploring crypto assets, signaling a significant shift in the traditional investment landscape. With increasing inflows and endorsements from pension funds and hedge funds, Bitcoin ETFs are poised for further growth in the institutional market.

**Sources:** [Farside Investors](https://farside.co.uk/?p=997), [Millennium Management](https://www.sec.gov/Archives/edgar/data/1273087/000127308724000071/0001273087-24-000071.txt), [Elliot Capital](https://www.sec.gov/Archives/edgar/data/1791786/000101359424000480/xslForm13F_X02/informationtable.xml), [Apollo Management Holdings](https://www.sec.gov/Archives/edgar/data/1449434/000144943424000004/xslForm13F_X02/Form13fInfoTable.xml), [State of Wisconsin’s Investment Board](https://www.sec.gov/Archives/edgar/data/854157/000106299324010116/0001062993-24-010116-index.htm), [Manuel Nordeste’s Statement](https://www.dlnews.com/articles/markets/fidelity-exec-says-still-early-days-for-pensions-in-crypto/), [Arizona State Bill](https://www.azleg.gov/legtext/56leg/2R/bills/SCR1016P.pdf)