US-based spot Bitcoin exchange-traded funds (ETFs) have recorded a total of $2.75 billion in inflows this week amid Bitcoin surpassing its January all-time high of $109,000.<\/p>\n
The $2.75 billion in inflows is approximately 4.5 times larger than the previous week\u2019s $608 million, according<\/a> to Farside data.<\/p>\n On May 23, the final day of the trading week, spot Bitcoin (BTC<\/a>) ETFs recorded $211.7 million in inflows. However, BlackRock\u2019s IBIT was the only fund to post gains on the trading day, adding $430.8 million and extending its inflow streak to eight consecutive days. <\/p>\n Grayscale\u2019s GBTC led outflows with $89.2 million, followed by ARK 21Shares\u2019 ARKB with $73.9 million.<\/p>\n Just two days before, on May 21, the Bitcoin ETFs saw $607.1 million in inflows, the same day Bitcoin surpassed its $109,000 all-time high<\/a>. The following day, Bitcoin recorded a new all-time high of $111,970.<\/p>\n At the time of publication, Bitcoin is trading at $108,141, according<\/a> to CoinMarketCap data. <\/p>\n Bitcoin\u2019s slight price decline over the past 24 hours came alongside a decline in crypto market sentiment, according to the Crypto Fear & Greed Index<\/a>. <\/p>\n The Index, which measures overall crypto market sentiment, reads a \u201cGreed\u201d score of 66, down 12 points from its \u201cExtreme Score\u201d of 78 the previous day.<\/p>\n Related: <\/strong><\/em>Bitcoin price \u2018breather\u2019 expected as short-term traders realize $11.6B in profit<\/strong><\/em><\/a><\/p>\n Cointelegraph recently reported that spot Bitcoin ETFs are on their way to potentially surpassing their monthly inflow record of\u00a0$6.49 billion from November 2024<\/a>. So far in May, spot Bitcoin ETFs have accumulated approximately $5.39 billion, with five trading days remaining in May.<\/p>\n Meanwhile, several analysts recently suggested that Bitcoin is not showing any signs of overheating despite reaching new all-time highs<\/a> this week, pointing to fundamentals suggesting that Bitcoin could rise further<\/a>.<\/p>\n CryptoQuant analyst Crypto Dan said on May 22, \u201cOverheating indicators such as the funding rate and short-term capital inflow remain low compared to previous peaks, and profit-taking by short-term investors is limited.\u201d<\/p>\n Magazine: <\/strong><\/em>AI cures blindness, \u2018good\u2019 propaganda bots, OpenAI doomsday bunker: AI Eye<\/strong><\/em><\/a><\/p>\nBitcoins BlackRock Bitcoin ETF continues inflow streak<\/h2>\n