Bitcoin ETFs Log $2.75B Week as Rally Outpaces Sentiment Shift

US Bitcoin ETFs saw $2.75 billion in inflows this week—a 352% jump from the previous week—even as Bitcoin’s price retreated from its $111,970 peak to $108,141.

BlackRock’s IBIT remained the standout, absorbing $430.8M on May 23 alone. In contrast, GBTC and ARKB bled $89.2M and $73.9M, respectively. The inflows coincided with BTC reclaiming its $109K ATH before pushing higher.

The Crypto Fear & Greed Index dipped to 66, suggesting a mild sentiment cooldown. Yet with ETF demand soaring, the bull case remains intact.