The US-based Bitcoin Exchange-Traded-Funds (ETF) area recorded a total of $ 2.75 billion in this week’s flows amongst Bitcoin exceeding January at a full time of $ 109,000.
The $ 2.75 billion total flow is about 4.5 times greater than the area Bitcoin (Btc) The past week of $ 608 million of ETF, According to to the data away.
Blackrock Bitcoin ETF continues flowing
On May 23, the final day of the trade week, the Bitcoin ETF spot recorded $ 211.7 million in the flows. However, Blackrock’s Ibit was the only fund that posted those who got on the day of trading, adding $ 430.8 million and expanded its flow on eight consecutive days.
Grirenscale’s GBTC LED outflows with $ 89.2 million, followed by Ark 21shares’ Arkb with $ 73.9 million.
Just two days before, on May 21, Bitcoin ETFs saw $ 607.1 million in the flows, on the same day Bitcoin exceeded $ 109,000 all-time high. The next day, Bitcoin recorded a new all-time high of $ 111,970.
At the time of publication, Bitcoin traded at $ 108,141, According to In CoinMarketCap data.
Bitcoin’s slight decline in the past 24 hours has come next to a decline in sentiment in the crypto market, according to The Crypto Fear & Greed Index.
The index, which measures the general sentiment in the crypto market, reads a “greed” score of 66, down 12 points from the “extreme score” of 78 the previous day.
Related: Bitcoin price ‘Breather’ is expected as short -term traders realize $ 11.6B in income
Cointelegraph recently reported that spots Bitcoin ETF goes to potential exceeding its monthly record of flowing $ 6.49 billion from November 2024. So far in May, the Bitcoin ETF spot has accumulated approximately $ 5.39 billion, with five days of trading remaining in May.
Meanwhile, many analysts recently suggested that Bitcoin does not show any signs of overheating across Reaching out to new all-time highs This week, teaching the foundations that suggest That bitcoin can still rise.
Cryptoquant Analyst Crypto Dan said on May 22, “Excessive heating indicators such as funding rates and short-term capital flow remains low compared to previous peaks, and the acquisition of short-term investors is limited.”
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