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.
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.
Dubai, United Arab Emirates, 23rd May 2025, Chainwire
Bitcoin futures open interest (OI) has skyrocketed to an unprecedented $80 billion, highlighting a surge in leveraged trading as speculators bet on further price gains.
Texas is on the brink of becoming the third state to set up a strategic Bitcoin reserve, according to Lee Bratcher, the founder and president of the Texas Blockchain Council.
For the first time, Bitcoin has broken the $110,000 barrier, achieving a 3% rise in just one day and surpassing prior price peaks from earlier this year.
JPMorgan Chase has announced it will allow clients to purchase Bitcoin, although CEO Jamie Dimon remains a Bitcoin skeptic.
Bitcoin nearly reached another all-time high, trading above $106,000 during early Asian hours on Monday.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
Altcoin Altcoins AML Banks Bitcoin Blockchain China Cryptocurrency Crypto exchanges Crypto mining Crypto regulations Decentralized Finance Digital Assets ETH Ethereum Exchange-traded fund Fintech FOMO FUD Funding Gas Fees Hackers HODL Investment Japan KYC Layer 2 Metaverse Mining NFT NFTs Private Key Regulation Russia Seed Phrase Smart Contract South Korea Stablecoin Stablecoins Staking UK Ukraine US Wallet Web3