Galaxy

Bitcoin

April

when

Time

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>The total net inflows in Bitcoin ETFs was $108 million on May 23.</li> 
 <li>Bitcoin is currently trading above $67,000.</li> 
</ul> 
<p>According to the latest reports coming from <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">SoSoValue</a>, the total net inflows in Bitcoin ETFs were of almost $108 million on May 23.</p> 
<p>This marked the ninth consecutive day of inflows in the crypto products.</p> 
<figure id="attachment_43205" aria-describedby="caption-attachment-43205" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/05/a9e72ea7-673d-4764-b49e-ff382f00a2f0.jpg"><img loading="lazy" decoding="async" class="wp-image-43205 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/05/a9e72ea7-673d-4764-b49e-ff382f00a2f0.jpg" alt="SoSoValue Data" width="1280" height="650" title="Bitcoin ETFs Recorded $108M Inflows, BTC Above $67k 6" srcset="https://crypto.ro/en/wp-content/uploads/2024/05/a9e72ea7-673d-4764-b49e-ff382f00a2f0.jpg 1200w, https://crypto.ro/en/wp-content/uploads/2024/05/a9e72ea7-673d-4764-b49e-ff382f00a2f0-300x152.jpg 300w, https://crypto.ro/en/wp-content/uploads/2024/05/a9e72ea7-673d-4764-b49e-ff382f00a2f0-1024x520.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2024/05/a9e72ea7-673d-4764-b49e-ff382f00a2f0-768x390.jpg 768w, https://crypto.ro/en/wp-content/uploads/2024/05/a9e72ea7-673d-4764-b49e-ff382f00a2f0-750x381.jpg 750w, https://crypto.ro/en/wp-content/uploads/2024/05/a9e72ea7-673d-4764-b49e-ff382f00a2f0-1140x579.jpg 1140w" sizes="(max-width: 1280px) 100vw, 1280px"></a>
 <figcaption id="caption-attachment-43205" class="wp-caption-text">
  SoSoValue Data
 </figcaption>
</figure> 
<p>Here are the net inflows and outflows in Bitcoin ETFs from yesterday, according to official data:</p> 
<ul> 
 <li>BlackRock’s Bitcoin ETF, IBIT, recorded $89 million in inflows.</li> 
 <li>Fidelity’s Bitcoin ETF, FBTC, recorded inflows of $19 million.</li> 
 <li>ArkInvest and 21Shares’ Bitcoin ETF, ARKB, recorded inflows of $2 million.</li> 
 <li>Invesco and Galaxy Digital’s Bitcoin ETF, BTCO, saw inflows of $2 million.</li> 
 <li>VanEck’s Bitcoin ETF, HODL, recorded inflows of $10 million.</li> 
 <li>Grayscale’s Bitcoin ETF, GBTC saw an outflow of almost $14 million.</li> 
</ul> 
<p>The remaining Bitcoin ETFs did not see any inflows or outflows.</p> 
<p>The total net asset value of the Bitcoin ETFs was of $57,2 billion, according to the same data.</p> 
<figure id="attachment_43204" aria-describedby="caption-attachment-43204" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/05/23-mai-ssv.png"><img loading="lazy" decoding="async" class="wp-image-43204 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/05/23-mai-ssv.png" alt="SoSoValue Data" width="1634" height="683" title="Bitcoin ETFs Recorded $108M Inflows, BTC Above $67k 7" srcset="https://crypto.ro/en/wp-content/uploads/2024/05/23-mai-ssv.png 1200w, https://crypto.ro/en/wp-content/uploads/2024/05/23-mai-ssv-300x125.png 300w, https://crypto.ro/en/wp-content/uploads/2024/05/23-mai-ssv-1024x428.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/05/23-mai-ssv-768x321.png 768w, https://crypto.ro/en/wp-content/uploads/2024/05/23-mai-ssv-750x313.png 750w, https://crypto.ro/en/wp-content/uploads/2024/05/23-mai-ssv-1140x477.png 1140w" sizes="(max-width: 1634px) 100vw, 1634px"></a>
 <figcaption id="caption-attachment-43204" class="wp-caption-text">
  SoSoValue Data
 </figcaption>
</figure> 
<h2 id="btc-is-trading-above-67-000">BTC is trading above $67,000</h2> 
<p>At the moment of writing this article, BTC is trading above the $67,000 mark, down by 3.3% in 24 hours.</p> 
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<p>Earlier today, the price of BTC dropped below $67,000, before it bounced back above the same mark.</p> 
<p>On May 23, BTC traded near the important level of $70,000, before the price of the coin witnessed a correction.</p> 
<p>On May 22, BTC surpassed $70,500, before before being corrected again.</p> 
<p>BTC began its 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>&nbsp;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>During the past few days, Bitcoin has been surrounded by <a href="https://crypto.ro/en/news/bitcoin-traders-predict-false-drop-foresee-impending-price-surge/">optimistic predictions</a> stemming from lower inflation, new<a href="https://crypto.ro/en/news/bitcoin-devs-network-programmability-is-the-next-btc-rally-trigger/"> programmability</a> proposals for the network, and political events as well.</p> 
<p>The FIT21 bill, aimed at setting legal rules for the digital asset industry, has been<a href="https://crypto.ro/en/news/bitcoin-etfs-surge-ahead-as-house-approves-fit21-bill/"> passed</a> by the U.S. House of Representatives.</p>

Bitcoin ETFs Recorded $108M Inflows, BTC Above $67k

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