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Breaking News: Bitcoin, Ethereum, Solana Rally Towards All-Time Highs: Top Analysts Share Predictions
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Breaking News: Bitcoin, Ethereum, Solana Rally Towards All-Time Highs: Top Analysts Share Predictions

Investors Pour $2.75 Billion Into Bitcoin ETFs As Price Skyrockets

Christian Encila
Christian Encila
4 months ago
2 mins read
XRP

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Spot Bitcoin ETFs ripped in $2.75 billion this week, and that haul was nearly 4.5 times last week’s $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.

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Spot Bitcoin ETF Inflows Surge

According to Farside data, 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.

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.

Bitcoin price up in the last week. Source: Coingecko

BlackRock’s IBIT Leads Flows

Based on reports, ETF flows on May 23 totaled just $212 million, but BlackRock’s 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.

Meanwhile, Grayscale’s GBTC saw $89 million leave, and ARK 21Shares’ ARKB lost $74 million. Investors seem to favor the low fees and wide reach of the biggest funds.

BTC market cap currently at $2.15 trillion. Chart: TradingView

Market Sentiment Pulls Back

Bitcoin’s climb paused a bit after that. At publication, it traded near $108,150. The Crypto Fear & Greed Index slid from an “Extreme Greed” reading of 78 down to 66, or “Greed.” That dip hints at some profit-taking.

Source: Alternative.me

CryptoQuant analyst Crypto Dan said on May 22 that “overheating 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.” His view is that this rally hasn’t been driven by risky bets.

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Record Monthly Inflows In Sight

So far in May, spot Bitcoin ETFs have pulled in about $5.40 billion. The previous monthly high came in November 2024, when ETFs took in $6.50 billion.

With five trading days left in May, inflows could set a new mark. That steady demand underlines how ETFs have become the go-to way for many to own Bitcoin without wrestling with wallets and private keys.

Demand for spot Bitcoin ETFs has grown fast. Investors like simple, regulated products. The big issuers, led by BlackRock, have the best chance to stay on top.

As for Bitcoin itself, if sentiment cools, prices might pull back some. But with institutional flows so strong, many see room to run higher.

Featured image from Gemini Imagen, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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