Bitcoin Spot ETFs See $5.77 Billion Inflow in May

U.S.-listed spot bitcoin exchange-traded funds (ETFs) saw a net inflow of $5.77 billion this month, the highest since November, according to SoSoValue. Key points include:

Investor interest is focused on bold directional plays and cash-and-carry arbitrage.
ETFs recorded only four days of net outflows since mid-April.
BlackRock's IBIT ETF led in inflows as bitcoin's spot price surpassed $110,000.