Investors Add $2.75 Billion to Bitcoin ETFs Amid Price Surge

Spot Bitcoin ETFs attracted $2.75 billion this week, a significant increase from last week's $608 million, driven by Bitcoin's rise past $109,000, hitting a peak of $111,980 on May 22.

Key Highlights

  • Spot Bitcoin ETF inflows surged to $2.75 billion this week.
  • Investors added $607 million on May 21, correlating with Bitcoin reaching new highs.
  • BlackRock’s IBIT led ETF inflows with $431 million, marking eight consecutive days of positive inflow.
  • Grayscale's GBTC and ARK 21Shares’ ARKB experienced outflows of $89 million and $74 million, respectively.
  • Bitcoin traded near $108,150 following a slight pullback.
  • The Crypto Fear & Greed Index decreased from 78 (Extreme Greed) to 66 (Greed), indicating potential profit-taking.
  • May's total spot Bitcoin ETF inflows reached approximately $5.40 billion, nearing the previous monthly high of $6.50 billion from November 2024.

Strong institutional flows suggest continued demand for Bitcoin, despite signs of cooling sentiment among retail investors.