Bitcoin ETFs Surge with $609 Million Inflows Amid Record High

Spot Bitcoin ETFs saw significant growth, attracting an inflow of approximately $609 million on May 21st, coinciding with Bitcoin hitting a record high above $111,000. This surge is largely driven by increased institutional interest, particularly from BlackRock’s iShares Bitcoin Trust. 6 consecutive days of growth show consistent demand from institutional investors. Market analysts observed a direct correlation between ETF inflows and Bitcoin’s price surge. 📈