Record $2.75B Floods Into Bitcoin ETFs Amid BTC Price Surge

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Investors poured $2.75 billion into US spot Bitcoin ETFs this week as Bitcoin eclipsed its $109K all-time high, signaling strong institutional demand.

BlackRock’s IBIT dominated with $430.8M in inflows on May 23, while GBTC and ARKB faced redemptions. The weekly total dwarfed the prior week’s $608M, per Farside data.

BTC later peaked at $111,970 before dipping to $108,141. Market sentiment cooled slightly, with the Fear & Greed Index falling from 78 (“Extreme Greed”) to 66.