US-listed BTC ETFs Recorded Net Inflows Exceeding $600M Last Week

Between May 12 and May 16, inflows into spot BTC ETFs totaled $603.74 million. Although this was a net positive in terms of inflow into these funds, last week's figure was the lowest weekly inflow in the past month.

Last week saw US-listed spot Bitcoin exchange-traded funds (ETFs) register net inflows exceeding $600 million.

While this continues the trend of positive capital movement into digital asset products, it is noteworthy that the weekly inflow figure was the lowest in the past month. This signals either investor caution or profit-taking at higher levels.

ETF Inflows Slow as Price Consolidation Cools Investor Appetite

Between May 12 and May 16, inflows into spot BTC ETFs amounted to $603.74 million.

Though this signals net positivity in terms of inflow into these funds, last week’s figure was the lowest weekly inflow in the past month. This highlights a more cautious but sustained capital movement into the market.

The slowdown in ETF inflows can be linked to BTC price consolidation during the five-day period under review. Throughout that period, BTC faced resistance at around $104,971 and found consistent support at $102,711.

This lack of clear movement led some investors to be more cautious, resulting in reduced capital inflows into BTC ETFs last week.

BTC Eyes Fresh Highs

However, bullish momentum persists in the BTC market. The king coin briefly hit a three-month high of $107,108 during Monday’s early Asian trading session.

While it has since pulled back to trade at $104,956, the strong bullish bias toward the coin remains.

This price uptick comes alongside a rise in BTC’s futures open interest. At press time, it stands at $70.03 billion, increasing by 7% over the past 24 hours.

Open interest refers to the total number of outstanding derivative contracts, such as futures or options, that have not been settled yet. When open interest rises alongside price, it signals that new money is entering the market.

This supports the strength of BTC’s ongoing trend and could trigger a sustained price uptick in the near term.

Furthermore, options market data provides further support for this optimistic outlook. Today, the demand for call options has outpaced puts, indicating a growing appetite for bullish positioning.

Thus, with derivatives activity surging and BTC reclaiming higher price levels, the coin could reach new highs in the short term.