Investors pour $2.75 billion into Bitcoin ETFs as price skyrockets
Spot Bitcoin ETFs reached $2.75 billion this week, a figure nearly 4.5 times higher than last week's $608 million. Prices surpassed $109,000, a high not seen since January. Bitcoin even hit $111,980 on May 22. Investors rushed in as the rally solidified.
Increase in spot Bitcoin ETF inflows
According to data from Farside, spot Bitcoin ETFs captured $2.75 billion this week, a significant increase from the previous week's $608 million. This large jump occurred when Bitcoin surpassed its all-time high of $109,000 from January.
On May 21, investors added $607 million, the same day that $BTC reached a new high. Subsequently, on May 22, the coin surged to $111,980. These movements indicate that money is seeking new highs.
