Bitcoin Spot ETF Surges to Historic Highs with Over $42.4 Billion in Net Inflows

COINOTAG reports as of May 20th that data from Farside Investors reveals a remarkable surge in the net inflows for the US Bitcoin spot ETF, surpassing an astonishing $42.416 billion. This milestone underscores the increasing institutional interest amidst a recovering market landscape. Over the past four trading sessions, the ETF has witnessed consistent net inflows exceeding $1.34 billion, signifying robust demand. This recent performance marks a significant rebound from the earlier peak of $40.78 billion recorded on February 7th. The sharp increase follows a period characterized by pronounced net outflows, indicating renewed confidence among investors as they navigate the evolving crypto market conditions. Such historical inflows not only reflect growing investor sentiment but also position Bitcoin as a valuable asset within diversified portfolios.