Bitcoin Spot ETFs Pull in $5.77B in May, Their Best Performance Since November

The 11 U.S.-listed spot bitcoin exchange-traded funds (ETF) have registered a net inflow of $5.77 billion this month, the highest since November, according to data source SoSoValue.

Most of these bets have been bold directional plays, with interest in cash-and-carry arbitrage plays picking up recently. Such has been the investor demand that these ETFs have experienced net outflows on only four days since mid-April.

BlackRock’s IBIT has received the most inflows, with bitcoin’s spot price hitting fresh record highs above $110,000.