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Bitcoin ETF Drew $2.75 Billion Weekly as BTC Price Corrected to $107,000

  • US-listed spot Bitcoin ETFs saw a significant surge in net inflows, reaching $2.75 billion in the week ending on May 23.
  • The inflows indicate a renewed institutional interest in regulated Bitcoin exposure, with growing confidence in Bitcoin's near-term outlook.
  • U.S. spot Bitcoin ETFs have accumulated approximately $5.39 billion in inflows for the month, on track to surpass the previous monthly record.
  • ETF inflows coincide with Bitcoin's price movements and market sentiment, reflecting a shift towards regulated vehicles and suggesting a maturing status for Bitcoin as a portfolio diversifier.

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