Key Insights:

• U.S.-listed bitcoin ETFs have attracted a record net inflow of $5.77 billion this month, marking the highest volume since November.
• Investor interest remains robust, with outflows only recorded on four days since mid-April.
• Bitcoin’s spot price has recently rebounded to over $110,000, hitting record highs.

The eleven U.S.-listed spot bitcoin exchange-traded funds (ETFs) have reported an impressive total inflow of $5.77 billion throughout May, as per data from SoSoValue.

Most investments have been based on bold directional strategies, with growing interest in cash-and-carry arbitrage. This continued demand has resulted in these ETFs experiencing minimal outflows, occurring on just four days since the mid-April period.

Notably, BlackRock’s IBIT has received the highest levels of investment, coinciding with Bitcoin’s latest price surge, achieving record highs once again.