Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the market on May 15, with an inflow of $131 million. The overall spot Bitcoin (BTC) exchange-traded fund (ETF) market saw a net inflow of $303 million.

FBTC has become a leader in the spot Bitcoin ETF market, outperforming other major products like BlackRock’s iShares Trust Fund (IBIT). The market experienced its third straight day of net inflows after a period of outflows due to crypto market volatility.

Market data shows that multiple ETFs started the week with no flows, including IBIT. On May 15, IBIT was the only spot Bitcoin ETF to record zero flows for the sixth day in May.

BlackRock’s IBIT had its first day of zero flows on April 24 since the launch of spot Bitcoin ETFs in January. On that day, only Fidelity’s FBTC and ARK’s ARKB reported inflows.

Fidelity’s FBTC experienced outflows from April 29 to May 1 and zero flows on May 2. It has since continued to attract strong capital inflows, outperforming other ETFs for the fifth time this month.

Other notable performers include the Bitwise Bitcoin ETF (BITB) and Ark 21Shares Bitcoin ETF (ARKB), with inflows of $86.3 million and $27 million, respectively. Grayscale Bitcoin Trust (GBTC) also saw inflows of $27 million, despite recording an outflow of $50.9 million on May 14.

Earlier in May, all spot Bitcoin ETFs saw inflows. However, Bloomberg analyst Eric Balchunas expressed doubt that this trend would continue. Despite earlier outflows and Bitcoin dropping below $60,000, over 95% of investors held onto their investments.

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