According to data from SoSoValue, 11 US-listed spot Bitcoin ETFs saw a total inflow of $5.77 billion this month, which was their greatest monthly performance since November.
While directional bets have garnered the majority of investor attention, demand for arbitrage-based methods has also increased concurrently.
Since mid-April, ETF activity has been dominated by net inflows, with only four days of outflows.
At the same time that Bitcoin hit a new all-time high of over $110,000, BlackRock's IBIT became the number one performer.
