Bitcoin ETF inflows surge 📈

Several 13F filings revealed that institutional investors bought into U.S. spot Bitcoin ETFs.

Author

Stephen Graves
May 16, 2024

IN PARTNERSHIP WITH

📝 What you need to know

Inflows to U.S. spot Bitcoin ETFs hit $303 million Wednesday, their highest level in two weeks, as Bitcoin’s price reached levels of $66,000 early Thursday morning.

Earlier this week, the deadline for quarterly 13F filings passed, with several filings revealing that institutional investors had bought into the spot Bitcoin ETFs in Q1. Among them are $64 billion hedge fund Millennium Management and the State of Wisconsin's Investment Board, which became one of the first U.S. public pension funds to allocate a portion of its holdings to spot Bitcoin ETFs.

Top Stories

Bitcoin ETF Inflows Top $303 Million, Buoyed by Fidelity and GBTC

U.S. spot Bitcoin ETF inflows hit a two-week high of $303 million as the price of Bitcoin surged beyond $66,000.

Bitcoin Bounces Past $66,000 as Inflation Slows in the US

Bitcoin has bounced past $66,000 and gained 6.7% in the past day after new data from the U.S. shows that inflation is slowing.

Bitcoin Self-Custody Enshrined As a Right In Oklahoma

A novel crypto bill protects citizens’ rights to hold, spend, and mine Bitcoin—as long as they do it quietly.

GameStop and AMC Plunge as Roaring Kitty Meme Stock Craze Fades

Popular meme stocks GameStop and AMC fell sharply after U.S. markets opened on Thursday, trading 15% lower than their previous close.

📅 Join our Webinar!

Excited to announce our upcoming webinar "Unleashing the Power of Permissionless Markets with Vega Protocol" on June 5! Explore the future of decentralized derivatives with Vega Protocol.

💬 Quote of the Day

❝

“I resigned.”

Jan Leike, (former) co-leader, OpenAI superalignment group

🌐 From Our Hubs

🎮 GG: Oasys Expands Crypto Gaming Presence in Japan With SBI’s NFT Market

Gaming giants Ubisoft and Bandai Namco are building on Oasys, and now it’s making inroads in Japan via the SBINFT Market.

🎭 SCENE: GameStop Bull Roaring Kitty Keeps Sharing Movie Memes—What's He Telling Us?

We broke down 10 of Roaring Kitty’s film and television references in his recent Twitter spree. How do they relate back to GameStop?

🤖 EMERGE: OpenAI Loses Two More Leaders—What Does That Mean for AI Safety?

Ilya Sutskever and Jan Leike left OpenAI yesterday, hours after the GPT-4o launch, Andrej Karpathy departed in February. All were focused on developing responsible AI.

📚 Dive Deeper

🎓 LEARN: Mika Explains the Bitcoin Halving

Rug Radio Creator and crypto influencer Mika explains the recent Bitcoin halving and how you can build your understanding through Kraken's Learn Center.

Sponsored post by Kraken

📹 WATCH: Inside Manhattan’s Newest On-Chain Fashion Store: 9dcc

At NFT NYC, Decrypt’s Sander Lutz explored the on-chain fashion brand’s latest pop-up, and spoke to its founder Gmoney about 9dcc’s future expansion plans.

From Our Partner

Empower yourself: Swap, stake, and manage your crypto with the world's leading self-custodial wallet. Buy Bitcoin easily. Auto-stake for boosted rewards and save on fees! Instantly swap between thousands of trading pairs wherever and whenever—with no account required.