- Bitcoin spot ETFs hit $154M net inflow, marking the 8th consecutive day of growth.
- BlackRock’s IBIT leads with a $91.95M inflow, boosting the total to $16.08B.
- BTC nears overbought RSI at 69.84, suggesting a possible short-term correction.
In a display of crypto market’s potential, the total net inflow of Bitcoin spot ETFs on May 22 reached a record high of $154 million, as annotated by SoSoValue data. Remarkably, this marks the eighth consecutive day of net inflows into these funds, signifying a sustained investor interest in Bitcoin through regulated financial instruments.
BTC/USD 24-Hour Chart (Source: CoinStats)
As of press time, Bitcoin (BTC) is trading at $69,558.17, reflecting a modest increase of 0.34% compared to the previous day. Despite this slight uptick, Bitcoin remains 5.84% below its all-time high. Additionally, the current market capitalization is $1.37 trillion, reflecting a 0.25% decline, while its 24-hour trading volume has decreased by 23.39%, now standing at $30.95 billion.
Spot ETF Inflow Dynamics
Among the various Bitcoin spot ETFs, BlackRock’s ETF IBIT recorded the highest net inflow for the day, amounting to $91.95 mil…
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