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Key Points:
- BlackRock leads Bitcoin ETF inflows: BlackRock's iShares Bitcoin Trust (IBIT) added $430.8 million in inflows on May 23, its eighth consecutive day of positive flows.
- Record-breaking ETF inflows: U.S. Bitcoin ETFs recorded $2.75 billion in inflows, the highest weekly figure in over a month, with total inflows nearing $5.39 billion for the month of May.
- Ethereum also sees institutional demand: BlackRock purchased $52.8 million worth of Ethereum, signaling growing anticipation for spot Ethereum ETF approvals.
- Market sentiment cools: Despite record inflows, the Crypto Fear & Greed Index fell from 78 to 66, reflecting increased profit-taking and caution as Bitcoin hovers near uncharted territory.
submitted by /u/CriticalCobraz
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