The US-based spot bitcoin exchange-traded-funds (ETFs) have grossed a total of $ 2.75 billion this week, with bitcoins over a high of all time of January among bitcoins.
The flow of $ 2.75 billion was about 4.5 times larger than the total bitcoin (BTC) In the ETF’s last week’s $ 608 million inflow, According For data.
Blackrock Bitcoin ETF Inflow Streak continues
On 23 May, the last day of the trading week, the spot bitcoin ETFS recorded $ 211.7 million in the inflow. However, Blackrock’s only fund was the only fund to post benefits in IBIT Trading Day, adding $ 430.8 million and expanded its influx streak for eight consecutive days.
GBTC of Grassscale led the outflow with $ 89.2 million, followed by Ark 21Shares’ Arkb $ 73.9 million.
On May 21 exactly two days ago, Bitcoin ETF saw $ 607.1 million in inflow, Bitcoin on the same day Cross your $ 109,000 all-time highThe next day, Bitcoin recorded a new all-time high of $ 111,970.
At the time of publication, Bitcoin is trading at $ 108,141, According For coinmarketcap data.
In the last 24 hours, the slight price of bitcoin declines as per the fear and greed of crypto, the crypto market has a decline with a decline Sequential,
The index, which measures the spirit of the overall Crypto market, reads the “greed” score of 66 below 12 points from the “extreme score” of 78.
Connected: The price of bitcoin is expected to ‘breath’ because short -term traders feel $ 11.6B in profit
Cointelegraph recently stated that spot bitcoin ETF is on its way to potentially cross its monthly flow record From November 2024 to $ 6.49 billionSo far in May, the spot bitcoin ETF has deposited about $ 5.39 billion, with five business days left in May.
Meanwhile, many analysts recently suggested that despite bitcoin, there is no sign of overheating. Reaching new all-time high This week, suggestions pointing to basic things He can move a bitcoin,
Cryptoctive Analyst Crypto Dan said on 22 May, “Overheating indicators such as funding rates and short -term capital flows is lower than previous peaks, and limited by short -term investors.”
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