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Bitcoin ETF Inflows At 7 Times Daily Supply, GBTC Inflows Continue

Published: 21 May Cryptocurrencies

Bitcoin ETF inflows reached an impressive seven times the daily supply on Monday, May 20. The positive start to the week saw a total of over $237 million flowing into all eleven spot Bitcoin ETFs. Additionally, over the last 24 hours, the Bitcoin price experienced a significant surge of 7%, reaching a staggering $72,000. This surge was fueled by the optimistic news surrounding the potential approval of a spot Ethereum ETF. The momentum in the cryptocurrency market continues to drive investor interest, with GBTC also experiencing ongoing inflows.