Bitget CEO Gracy Chen Highlights $40B Milestone for Spot Bitcoin ETFs as Institutional Demand Soars

Spot Bitcoin ETFs have achieved a historic milestone by surpassing $40 billion in cumulative inflows, signaling robust institutional and retail confidence in Bitcoin as a strategic asset. Bitget CEO Gracy Chen emphasized this development as a testament to Bitcoin’s growing maturity despite ongoing market volatility. The 12 U.S.-approved spot Bitcoin ETFs, launched in January 2024, continue to attract significant investment, reinforcing the cryptocurrency’s position in mainstream finance.

Spot Bitcoin ETFs Surpass $40 Billion in Inflows, Signaling Strong Institutional Demand

Spot bitcoin ETFs have crossed the $40 billion cumulative inflow mark, a milestone that underscores deepening institutional and retail confidence in the cryptocurrency. Gracy Chen, CEO of Bitget, highlighted this achievement as evidence of Bitcoin’s maturation as a strategic asset despite persistent market volatility.

The 12 U.S.-approved spot Bitcoin ETFs, launched in January 2024, continue to attract significant capital. Recent data from SosoValue shows $260.27 million in net inflows on May 16 alone. BlackRock’s iShares Bitcoin Trust (IBIT) led with $129.73 million, followed by Fidelity’s FBTC at $67.95 million and ARK 21Shares’ ARKB with $57.98 million.

Bitget Launches Live Streaming Feature to Enhance Crypto Creator Engagement

Bitget, a leading cryptocurrency exchange and Web3 company, has rolled out a live streaming feature designed to foster real-time interaction between content creators and their audiences. The platform now enables influencers, professional traders, and other creators to broadcast live with screen sharing, audio streaming, and co-hosting capabilities.

The integration of token recommendation features allows viewers to seamlessly explore and trade cryptocurrencies during live sessions. This MOVE aligns with Bitget’s broader strategy to equip creators with tools for exclusive content delivery and deeper audience engagement. Built-in functionalities like real-time chat, scheduling options, and replay availability further enhance the user experience.