Bitcoin ETF Receives Net Inflow of at Least $300 Million on 5/15, GBTC Also Witnesses $27 Million Entry
5/15 US CPI index lower than expected, indicating a cooling inflation and boosting market confidence in interest rate cuts, leading to a surge in US stocks. Bitcoin also started to rise that night, reaching 65K and has already reached 66K as of 6/16.
The Bitcoin spot ETF on 5/15 also saw the largest net inflow in nearly two weeks, with the last net inflow exceeding 300 million US dollars on 5/3. Since the IBIT inflow situation on 5/15 has not been disclosed at the time of submission, the overall net inflow is at least 300 million US dollars.
(
CPI cooling boosts confidence, US stocks reach record highs, BTC rises to 66K, ETH rises to 3,000
)
Advertisement – Please scroll down for more content
CPI
ETF
Inflation
Related Readings
No rate cuts in sight? Continued inflation pressure in the US poses a dilemma for the Federal Reserve’s interest rate decisions.
GDP decline, persistent inflation, stocks and bonds decline, Bitcoin in a consolidation phase.
