Bitcoin ETF Drew $2.75 Billion Weekly as BTC Price Corrected to $107,000

US-listed spot Bitcoin ETFs drew $2.75 billion in net inflows over May 23, marking a 4.5× jump from the $608 million recorded the week prior. This is the first uninterrupted streak of daily ETF inflows in four weeks and highlights renewed institutional demand for regulated Bitcoin exposure. Bitcoin ETFs Weekly Inflows Surge 4.5× According to Farside Investors data, between May 17 and May 23, spot Bitcoin ETFs amassed $2.75 billion—up sharply from $608 million the previous week. The spike coincided with Bitcoin’s climb above its January all-time high of $109,000 on May 21 and a fresh peak of $111,970 on May 22 . ETF inflows have historically tracked broader market momentum, and this week’s inflows suggest growing confidence in Bitcoin’s near-term outlook. On May 23 alone, U.S. spot Bitcoin ETFs recorded $211.7 million in net inflows. BlackRock’s iShares Bitcoin Trust (IBIT) stood out, adding $430.8 million and extending its consecutive inflow streak to eight days. In contrast, Grayscale’s Bitcoin Trust (GBTC) saw $89.2 million in outflows, while ARK 21Shares’ ARKB shed $73.9 million. The performance gap underscores a rotation toward cheaper fee structures and broader issuer choice within the ETF space. Through May 23, U.S. spot Bitcoin ETFs have gathered approximately $5.39 billion in monthly inflows. With five trading days remaining, they are poised to surpass November 2024’s record $6.49 billion monthly total. A new monthly high would further cement ETFs as a primary conduit for institutional capital into Bitcoin. Bitcoin traded around $108,141 at the close of May 23, down from the $111,970 all-time high two days earlier. Over the same period, the Crypto Fear & Greed Index fell to 66 (“Greed”) from 78 (“Extreme Greed”), pointing to a mild cooling in market exuberance amid heavy inflows. Meanwhile, spot exchange volume mirrored ETF flows, with 24-hour volumes exceeding $50 billion on key venues. ETF Flows vs. Traditional Markets The inflows into Bitcoin ETFs occurred alongside weakness in U.S. equities. On May 22, the S&P 500 fell 0.7% amid rising Treasury yields, even as Bitcoin peaked. Analysts note that Bitcoin’s decoupling from stocks during this bout of volatility underscores its maturing status as a portfolio diversifier. Analysts highlight that ETF inflows could drive a structural shift in Bitcoin’s liquidity profile by shifting demand from spot to regulated vehicles. Key catalysts include U.S. macro releases, particularly the May CPI report due May 13 and the Federal Reserve’s subsequent policy signals. Regulatory developments, such as potential SEC approvals for additional Bitcoin ETFs, may also steer fund flows.

Source: ZyCrypto