US-based spot Bitcoin ETFs have seen significant growth this week, accumulating $2.75 billion in inflows, nearly 4.5 times last week's figure of $608 million, as Bitcoin's price soared past its January all-time high of $109,000. On May 23, $211.7 million was recorded in inflows, with BlackRock's IBIT fund alone gaining $430.8 million, marking its eighth consecutive day of inflows. In contrast, Grayscale’s GBTC experienced $89.2 million in outflows. Following a strong inflow day on May 21, Bitcoin reached a new high of $111,970; currently, it's trading around $108,141. Despite the recent price fluctuations, analysts do not see indicators of overheating in Bitcoin's market, as funding rates and capital inflows remain low compared to past peaks. In May alone, spot Bitcoin ETFs have gathered approximately $5.39 billion, aiming to possibly break monthly inflow records before the month's end.

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