<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin ETFs recorded net inflows of $154 million yesterday.</li> 
 <li>BTC is currently trading above $69k.</li> 
</ul> 
<p>According to the latest data coming from <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">SoSoValue</a>, Bitcoin ETFs recorded $154 million in net inflows on May 22. This was the eighth consecutive day in which the crypto products saw inflows.</p> 
<p>Here are the inflows and outflows in Bitcoin ETFs for the other day:</p> 
<ul> 
 <li>BlackRock’s Bitcoin ETF, IBIT, recorded a single-day inflow of $92 million.</li> 
 <li>Fidelity’s Bitcoin ETF, FBTC, saw an inflow of $75 million yesterday.</li> 
 <li>Ark Invest and 21Shares’ Bitcoin ETF, ARKB saw $3 million in inflows the other day.</li> 
 <li>Grayscale’s Bitcoin ETF, GBTC, recorded an outflow of about $16 million.</li> 
</ul> 
<p>The total net asset value of the Bitcoin ETFs was of $59,2 billion, according to the same data.</p> 
<figure id="attachment_43069" aria-describedby="caption-attachment-43069" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/05/23-mai.png"><img decoding="async" class="wp-image-43069 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/05/23-mai.png" alt="SoSoValue data" width="1630" height="709" title="Bitcoin ETFs Recorded $154M Inflows, BTC Above $69k 3" srcset="https://crypto.ro/en/wp-content/uploads/2024/05/23-mai.png 1200w, https://crypto.ro/en/wp-content/uploads/2024/05/23-mai-300x130.png 300w, https://crypto.ro/en/wp-content/uploads/2024/05/23-mai-1024x445.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/05/23-mai-768x334.png 768w, https://crypto.ro/en/wp-content/uploads/2024/05/23-mai-750x326.png 750w, https://crypto.ro/en/wp-content/uploads/2024/05/23-mai-1140x496.png 1140w" sizes="(max-width: 1630px) 100vw, 1630px"></a>
 <figcaption id="caption-attachment-43069" class="wp-caption-text">
  SoSoValue data
 </figcaption>
</figure> 
<h2 id="btc-is-trading-above-69k">BTC is trading above $69k</h2> 
<p>At the moment of writing this article, BTC is trading above $69k, and the coin is up by over 5% in the past seven days, according to data from<a href="https://coinmarketcap.com/currencies/bitcoin/" rel="nofollow noopener" target="_blank"> CoinMarketCap</a>.</p> 
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<p>On May 22, BTC surpassed the important level of $70,500, before seeing a slight correction. The coin has been able to maintain its price above the important mark of $69k.</p> 
<p>BTC began a bullish rally during the past week, when on May 15, the <a href="https://crypto.ro/en/news/bitcoin-above-63k-following-todays-cpi-report/">CPI report</a> for April showed optimistic data of an eased inflation for the month, of 3.4%. This triggered a surge in price for BTC of 3% on the day.</p> 
<p>BTC remains surrounded by a positive sentiment coming from multiple reports and plans.</p> 
<p>For instance, according to Matrixport, we might even see <a href="https://crypto.ro/en/news/bitcoin-could-reach-ath-within-days/">new ATHs</a> for the coin in the coming days. Also, Bitcoin devs have touted <a href="https://crypto.ro/en/news/bitcoin-devs-network-programmability-is-the-next-btc-rally-trigger/">programmability</a> on the network as a new potential catalyst for BTC’s price as well.</p> 
<p>Some political factors are also helping the positive sentiment to remain around Bitcoin. The U.S. House of Representatives <a href="https://crypto.ro/en/news/bitcoin-etfs-surge-ahead-as-house-approves-fit21-bill/">passed the FIT21</a> bill, also known as the Financial Innovation and Technology for the 21st Century Act.</p> 
<p>This Republican-led bill is designed to establish legal guidelines for the wider digital asset industry.</p>

Bitcoin ETFs Recorded $154M Inflows, BTC Above $69k

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