Bitcoin Mania: $5.77B Flown in May, An Irony of Greed and Folly

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Bitcoin Chart

What to Know: Seriously, Who’s Counting? šŸ¤”

  • U.S.-listed spot bitcoin ETFs are swimming in a pool of $5.77 billionā€”since when did chaos turn into cash? Since November, perhaps?
  • Investorsā€™ appetite? Oh, insatiable. Only four days of withdrawal since April? Must be a record of some sort.
  • Bitcoinā€™s spot price? Just casually soaring past $110,000, like a defiant bull in a china shop.

In the great circus of financial folly, eleven U.S.-listed spot bitcoin ETFsā€”those shiny tokens of hope or despairā€”claimed a staggering $5.77 billion this month, the highest since that distant November. Data source SoSoValue whispers tales of greed and hysteria.

Most of these transactions? Bold, reckless playsā€”cash-and-carry arbitrage adventuresā€”because who doesn’t enjoy a gamble when the stakes are billions and logic takes a vacation? Interest in these financial acrobatics is so intense that these ETFs have only faced net outflows on four days since mid-April. Truly, a feat worth applause or a lament, depending on your mood.

BlackRockā€™s IBIT, the star of this mockery, has scooped the most inflows, while bitcoinā€™s spot price continues its audacious ascent, crossing above $110,000ā€”because what could possibly go wrong? šŸŽ¢

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2025-05-28 11:29