This week, U.S. spot Bitcoin ETFs saw $2.75 billion in new investments — much more than last week’s $608 million. The big jump came as Bitcoin hit a new all-time high of $111,970.
Key Points:
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BlackRock’s ETF (IBIT) brought in $430.8 million on the last trading day of the week, keeping its 8-day inflow streak going.
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Grayscale’s ETF (GBTC) had the biggest outflow, losing $89.2 million, followed by ARK 21Shares with $73.9 million out.
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On May 21, when Bitcoin passed its previous high of $109K, ETFs received $607.1 million.
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As of now, Bitcoin trades at $108,141.
Market Mood:
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The Crypto Fear & Greed Index dropped to 66 ("Greed"), down from 78 ("Extreme Greed") the day before.
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Experts say Bitcoin is not overheated, and it still has room to grow.
So far in May, Bitcoin ETFs have pulled in $5.39 billion, and they may break the $6.49 billion monthly record set in November 2024.
Disclaimer: This is just for information, not financial advice.
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