BTC Price Above $108K as ETFs Record $2.75B Inflows

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US-based spot Bitcoin ETFs recorded a straight week of daily inflows for the first time in four weeks.

US-based spot Bitcoin exchange-traded-funds (ETFs) have recorded a total of $2.75 billion in inflows this week amid Bitcoin surpassing its January all-time high of $109,000.

The $2.75 billion in inflows is approximately 4.5 times larger than the previous week’s $608 million, according to Farside data.

BlackRock Bitcoin ETF continues inflow streak

On May 23, the final day of the trading week, spot Bitcoin ETFs recorded $211.7 million in inflows. However, BlackRock’s IBIT was the only fund to post gains in the trading day, adding $430.8 million and extending its inflow streak to eight consecutive days.

Grayscale’s GBTC led outflows with $89.2 million, followed by ARK 21Shares’ ARKB with $73.9 million.

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