Spot Bitcoin ETF Inflows Surge to $117 Million as IBIT Leads the Pack

The spot Bitcoin ETF market witnessed a surge in inflows, reaching $117 million on May 8th. Leading the charge was IBIT with a remarkable $69 million daily inflow, fueled by surging prices across its funds and solidifying its position as the asset leader. Despite limited new capital inflows for other ETFs, IBIT’s impressive performance contributed significantly to the overall market activity.