Bitcoin’s spot price recently soared past $110,000, setting new record highs.
In May, 11 U.S.-listed spot Bitcoin exchange-traded funds (ETFs) attracted a net inflow of $5.77 billion — the largest monthly total since November — according to data from SoSoValue.
Investor interest has been largely driven by bold directional bets, with cash-and-carry arbitrage strategies gaining traction in recent weeks. Since mid-April, these ETFs have recorded net outflows on just four days, highlighting strong sustained demand.
Among them, BlackRock’s IBIT fund led the inflows, benefiting as Bitcoin reached fresh all-time highs.
