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The BTC-spot ETF market continued to swing the supply-demand balance in BTC\u2019s favor. On May 21, BTC-spot ETF issuers reported net inflows of $607.1 million, extending the inflow streak to six sessions. The inflow streak is likely to continue on May 22. According to Farside Investors:<\/p>\n
Excluding data from BlackRock\u2019s (BLK<\/a>) pending iShares Bitcoin Trust (IBIT<\/a>), the US BTC-spot ETF market saw total inflows of $57.6 million. Notably, IBIT has seen average daily net inflows of $375 million.<\/p>\n ETF Store President Nate Geraci remarked:<\/p>\n \u201cOver $500mil into iShares Bitcoin ETF\u2026 Nearly $2bil just over past week or so. Inflows 26 of past 27 days. $7+ bil in new $$$ overall. Given trading volume today, expect these inflow numbers to increase.\u201d<\/p>\n<\/blockquote>\n BTC climbed 1.8% on May 22, following Wednesday\u2019s 2.57% rally, to close at $111,583. Significantly, BTC soared to a new record high of $111,910 before easing back.<\/p>\n BTC\u2019s near-term outlook depends on legislative developments, global trade headlines, macroeconomic indicators, and ETF inflows.<\/p>\n Potential scenarios:<\/p>\n For context, Senator Cynthia Lummis recently reintroduced the Bitcoin Act, proposing the US government acquire one million BTC over five years, with a 20-year mandatory holding period.<\/p>\n [ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":" [ad_1] Santiment Chart \u2013 BTC Age and Price TrendsBTC-Spot ETF Market Extends Winning Streak The BTC-spot ETF market continued to swing the supply-demand balance in BTC\u2019s favor. On May 21, BTC-spot ETF issuers reported net inflows of $607.1 million, extending the inflow streak to six sessions. The inflow streak is likely to continue on May 22. According to Farside Investors: Fidelity Wise Origin Bitcoin Fund (FBTC) reported net inflows of $48.7 million. ARK 21Shares Bitcoin ETF (ARKB had net inflows of $8.9 million. Excluding data from BlackRock\u2019s (BLK) pending iShares Bitcoin Trust (IBIT), the US BTC-spot ETF market saw total inflows of $57.6 million. Notably, IBIT has seen average daily net inflows of $375 million. ETF Store President Nate Geraci remarked: \u201cOver $500mil into iShares Bitcoin ETF\u2026 Nearly $2bil just over past week or so. Inflows 26 of past 27 days. $7+ bil in new $$$ overall. Given trading volume today, expect these inflow numbers to increase.\u201d BTC Price Outlook: Legislation and ETF Trends BTC climbed 1.8% on May 22, following Wednesday\u2019s 2.57% rally, to close at $111,583. Significantly, BTC soared to a new record high of $111,910 before easing back. BTC\u2019s near-term outlook depends on legislative developments, global trade headlines, macroeconomic indicators, and ETF inflows. Potential scenarios: Bearish Scenario: Renewed trade tensions, legislation deadlock, US recession fears, and ETF outflows. Bearish sentiment could send BTC below $100,000. Bullish Scenario: Easing trade tensions, upbeat US economic data, Bitcoin Act progress, and ETF inflows. Bullish sentiment could drive BTC above the record high of $111,910 to target $115,000. For context, Senator Cynthia Lummis recently reintroduced the Bitcoin Act, proposing the US government acquire one million BTC over five years, with a 20-year mandatory holding period. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":46714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-46713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n
BTC Price Outlook: Legislation and ETF Trends<\/h2>\n
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