On 5/15, Bitcoin ETF saw a net inflow of at least $300 million, while GBTC witnessed another $27 million entering the market.
On 5/15, the US CPI index came in lower than expected, indicating a cooling inflation rate, boosting market confidence in rate cuts, leading to a sharp rise in the US stock market. That night, Bitcoin began to surge, reaching as high as 65K and has since climbed to 66K as of 6/16.
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On May 15th, the US CPI index came in lower than expected, indicating a cooling inflation rate, boosting market confidence in rate cuts, and causing a surge in the US stock market. That night, Bitcoin began to rally, surging all the way to 65K and reaching 66K by June 16th.
On May 15th, the Bitcoin spot ETF also saw the largest net inflow in nearly two weeks. The last time the net inflow exceeded $300 million was on May 3rd. As of the deadline, the IBIT inflow status for May 15th has not been disclosed, but the net inflow for May 15th is at least $300 million.
The confidence boost from the cooling CPI, the record high close in the US stock market, Bitcoin rising above 66K, and Ethereum surpassing 3,000.
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