Bitcoin ETFs post $2.75B in weekly inflows as price sits above $108K
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US-based spot Bitcoin ETFs recorded a straight week of daily inflows for the first time in four weeks.
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.
The $2.75 billion inflow total was nearly 4.5 times larger than the spot Bitcoin (BTC) ETF’s previous week’s $608 million in inflows, according to Farside data.
On May 23, the final day of the trading week, spot Bitcoin ETFs recorded $211.7 million in inflows. However, BlackRock’s IBIT was the only fund to post gains in the trading day, adding $430.8 million and extending its inflow streak to eight consecutive days.
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