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

The 11 U.S.-listed attach bitcoin alternate-traded funds (ETF) obtain registered a accumulate influx of $5.77 billion this month, the finest since November, fixed with knowledge source SoSoValue.

These kind of bets were plucky directional performs, with hobby in cash-and-carry arbitrage performs selecting up lately. Such has been the investor demand that these ETFs obtain skilled accumulate outflows on only four days since mid-April.

BlackRock’s IBIT has obtained the most inflows, with bitcoin’s attach trace hitting contemporary fable highs above $110,000.