Bitcoin ETFs bounce back with $319 million inflow on May 14 following a significant outflow.

Between May 13 and May 14, spot Bitcoin ETFs experienced a significant reversal in fund flows. On May 13, these ETFs saw a net withdrawal of $91.4 million, marking the highest daily outflow since April 30.

The entirety of this outflow was primarily due to Fidelity’s FBTC, which alone accounted for the $91.4 million in redemptions, showing no compensating inflows from other issuers.

The scenario changed on May 14, when spot Bitcoin ETFs attracted a net inflow of $319.5 million. BlackRock’s IBIT was at the forefront, bringing in $232.9 million, followed by Fidelity’s FBTC with $36.1 million, along with smaller contributions from Bitwise’s BITB, Ark’s ARKB, and Valkyrie’s BRRR.

Grayscale’s GBTC also experienced a small inflow of $35.2 million, marking a significant departure from its typical trend of daily outflows.

The $319.5 million influx on May 14 significantly mitigated the impact of the previous day’s outflow and supported a positive flow trend for the month overall. It represented one of the stronger daily inflow performances in May, second only to the $674.9 million recorded on May 2.

These fluctuations over the two-day period underscore the sensitive nature of Bitcoin ETF demand, which is closely tied to short-term price changes and overall investor sentiment.

Although the outflow on May 13 was largely confined to FBTC and did not prompt widespread redemptions in other funds, the substantial inflows on May 14 indicated a renewed interest in buying, especially within institutional-targeted products.

To date, spot Bitcoin ETFs have collectively absorbed over $41.37 billion since their inception, reflecting a consistent yet volatile interest in Bitcoin exposure via exchange-traded funds.