Bitcoin Spot ETFs Pull in $5.77B in May, Their Best Performance Since November

2 weeks ago

The 11 U.S.-listed spot bitcoin exchange-traded funds (ETF) person registered a nett inflow of $5.77 cardinal this month, the highest since November, according to information root SoSoValue.

Most of these bets person been bold directional plays, with involvement successful cash-and-carry arbitrage plays picking up recently. Such has been the capitalist request that these ETFs person experienced nett outflows connected lone 4 days since mid-April.

BlackRock's IBIT has received the astir inflows, with bitcoin's spot terms hitting caller grounds highs supra $110,000.

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