tl;dr
U.S. spot Bitcoin ETF inflows reached a two-week high of $303 million as Bitcoin's price surged past $66,000. Fidelity's FBTC led with $131.3 million in inflows, while Grayscale's GBTC saw $27 million. Institutional investors, including Millennium Management, Elliot Capital, and Apollo Management Ho...
U.S. spot Bitcoin ETF inflows have surged to $303 million, driven by the soaring price of Bitcoin and a growing interest from institutional investors. Fidelity's FBTC led the inflows with $131.3 million, while Grayscale's GBTC saw $27 million. Institutional investors such as Millennium Management, Elliot Capital, and Apollo Management Holdings disclosed holdings in Bitcoin ETFs in their quarterly 13F filings with the SEC. Notably, the State of Wisconsin's Investment Board also invested $163 million in Bitcoin ETFs, marking a significant move for a U.S. public pension fund.
This spike in ETF inflows coincided with Bitcoin's price surpassing $66,000, and all U.S. spot Bitcoin ETFs, except for BlackRock's iShares Bitcoin Trust (IBIT), experienced inflows on May 15th. The surge in institutional interest was further underscored by quarterly 13F filings, revealing significant holdings in Bitcoin ETFs by hedge funds and investment managers. Fidelity Digital Assets also noted a growing interest from pension funds in Bitcoin ETFs, while an Arizona state senate bill aimed to integrate Bitcoin ETFs into the state's retirement plans, indicating a broader shift in institutional investment trends toward digital assets.
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Stock Analysis Summary
Company: ReneSola Ltd
Industry: Manufacturing, Semiconductors & Related Devices
Market Cap: 110.73 million
Dividend Yield: None
EPS: -0.16
PE Ratio: 1.852
ROE: -0.0891
Volume: 104.67 million
50-Day Moving Average: 5.5
200-Day Moving Average: 3.42
RSI (14): 1.128