Spot Bitcoin ETFs ripped in $2.75 billion this week, and that haul was nearly 4.5 times last week\u2019s $608 million. Prices jumped past $109,000, a high not seen since January. Bitcoin even touched $111,980 on May 22. Investors piled in as the rally took hold.<\/p>\n
According to Farside data<\/a>, spot Bitcoin ETFs drew $2.75 billion this week, up sharply from $608 million the week before. That big jump came as Bitcoin pushed past its January all-time high of $109,000.<\/p>\n On May 21, investors added $607 million, the same day Bitcoin hit a new peak. Then, on May 22, the coin soared to $111,980. Those moves show money chasing fresh highs.<\/p>\n Based on reports, ETF flows on May 23 totaled just $212 million, but BlackRock\u2019s IBIT was the only one in the green. It brought in $431 million all by itself, and that stretched its inflow streak to eight days straight.<\/p>\n Meanwhile, Grayscale\u2019s GBTC saw $89 million leave, and ARK 21Shares\u2019 ARKB lost $74 million. Investors seem to favor the low fees and wide reach of the biggest funds.<\/p>\n Market Sentiment Pulls Back<\/strong><\/p>\n Bitcoin\u2019s climb paused a bit after that. At publication, it traded near $108,150. The Crypto Fear & Greed Index slid from an \u201cExtreme Greed\u201d reading of 78 down to 66, or \u201cGreed<\/a>.\u201d That dip hints at some profit-taking.<\/p>\n CryptoQuant analyst Crypto Dan said on May 22 that \u201coverheating 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.\u201d His view is that this rally hasn\u2019t been driven by risky bets.<\/p>\nBlackRock\u2019s IBIT Leads Flows<\/strong><\/h2>\n