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Spot Bitcoin ETFs saw a massive $2.75 billion in inflows this week, nearly 4.5 times the previous week’s haul. Bitcoin prices surged past $109,000, hitting $111,980 amid strong investor interest. BlackRock’s IBIT led the charge with an eight-day inflow streak.
- BlackRock's IBIT ETF attracted $431 million on May 23, extending its inflow streak to eight days.
- Bitcoin briefly hit $111,980 on May 22, surpassing its January all-time high of $109,000.
- CryptoQuant analysts suggest the rally isn't driven by risky bets, as overheating indicators remain low.
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