Cryptocurrency

Investors pour $2.75 billion into Bitcoin ETF

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The Spot Bitcoin ETF tore $2.75 billion this week, while the $608 million shipment volume last week was nearly 4.5 times. Prices jumped by $109,000, a high price not seen since January. Bitcoin even hit $111,980 on May 22. With the investment in the rally, investors piled up.

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Spotted Bitcoin ETF inflow surges

Spot Bitcoin ETF attracted $2.75 billion this week, up from $608 million the previous week, according to Farside. This big jump comes as Bitcoin pushes past its all-time high of $109,000 in January.

On May 21, investors increased by $607 million, and Bitcoin reached a new peak on the same day. Then, on May 22, the coin soared to $111,980. These moves show money chasing fresh highs.

Bitcoin price rose last week. Source: Coingecko

BlackRock’s ibit lead flow

According to the report, the total liquidity of ETFs on May 23 was only $212 million, but BlackRock’s IBIT is the only IBET in the green. It itself brought in $431 million, which extended its inflow record to eight days.

Meanwhile, Grayscale’s GBTC took $89 million off and ARK 21Shares’ ARKB lost $74 million. Investors seem to favor the low income and wide coverage of the largest funds.

BTC’s market value is currently $2.15 trillion. Chart: TradingView

Market sentiment retreats

Since then, Bitcoin’s climb has been suspended. At the time of publication, it traded for nearly $108,150. The index of cryptographic fear and greed reads from 78’s “extreme greed” to 66 or “greed”. This implies some profit.

Source: Alternative

“Overheating indicators such as funding rates and short-term capital inflows remain low compared to previous peaks, while short-term investors have limited profits,” Crypto Dan, a crypto analyst, said on May 22. His view is that the rally is not driven by risky bets.

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Record monthly incoming sight

So far, spot Bitcoin ETFs have earned about $5.4 billion in May. The high of the last month was in November 2024, when ETFs made $6.5 billion.

With five trading days left in May, inflows may set a new mark. This stable demand underscores how ETFs are the preferred way for many to own Bitcoin without wrestling with their wallets and private keys.

Demand for spotted bitcoin ETFs has grown rapidly. Investors prefer simple, regulated products. The big issuer led by Blackrock has the best chance to stay ahead.

As for Bitcoin itself, if sentiment cools down, the price may be withdrawn a little. However, because the institutional flow is so strong, many people see higher spaces.

Featured images by Gemini Imagen, charts by TradingView

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