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

The 11 U.S.-listed spot bitcoin exchange-traded funds (ETF) have registered a web influx of $5.77 billion this month, the very best since November, in accordance with knowledge supply SoSoValue.

Most of those bets have been daring directional performs, with curiosity in cash-and-carry arbitrage performs choosing up lately. Such has been the investor demand that these ETFs have skilled web outflows on solely 4 days since mid-April.

BlackRock’s IBIT has obtained probably the most inflows, with bitcoin’s spot worth hitting recent file highs above $110,000.