Bitcoin ETFs Experience Volatile Shifts!

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On May 1, 2024, the total net inflow for Bitcoin Spot ETFs recorded a dramatic drop of $563.77 million despite a cumulative inflow reaching $11.22 billion. The total value traded stood at $3.08 billion, highlighting intense market activity. Despite the daily outflow, the total net assets remained substantial at $47.08 billion, accounting for 4.17% of the market. This significant fluctuation reflects the volatile nature of Bitcoin investments as traders navigate through the shifting landscape of cryptocurrency markets.