Bitcoin spot ETFs experienced a $5.77 billion inflow in May, the most robust showing since November.

Bitcoin’s spot price recently climbed above the $110,000 mark, setting a new record high.

In May, the 11 U.S.-listed spot Bitcoin ETFs collectively garnered net inflows totaling $5.77 billion, marking their strongest monthly performance since last November, according to SoSoValue.

Investor appetite remains robust, driven by aggressive directional bets and a rising interest in cash-and-carry arbitrage opportunities. Since mid-April, these ETFs have experienced net outflows on just four occasions.

Leading the inflows, BlackRock’s IBIT ETF saw the most substantial capital influx, mirroring the upward momentum in Bitcoin’s spot price.