U.S. spot Bitcoin ETFs notched daily inflows every session this week, amassing $2.75 billion—4.5× the previous week’s haul.
The surge coincided with BTC punching through its January record to print a new all-time high of $111,970 before settling near $108,000.
BlackRock Leads the Pack
On May 23 alone, funds absorbed $211.7 million.
BlackRock’s IBIT extended its personal streak to eight days, adding $430.8 million.
Conversely, Grayscale’s GBTC shed $89.2 million, while ARK 21Shares’ ARKB lost $73.9 million.
Sentiment Cools but Stays Positive
The Crypto Fear & Greed Index slid from an “Extreme Greed” 78 to a still-lofty 66, mirroring the modest price pullback.
Analysts say low funding rates and limited short-term profit-taking suggest the rally remains healthy.
CryptoQuant’s Crypto Dan noted, “Overheating 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.”
Record in Sight
With five trading days left in May, ETF inflows of roughly $5.4 billion are on pace to challenge November 2024’s record $6.49 billion.
If the current trend holds, some strategists see potential for $140,000 before year-end, provided macro risks and tariff tensions do not derail demand.