Digital currency-based ETFs, focusing on Bitcoin, amass an impressive $930 million during a consistent seven-day investment surge
In a significant development for the cryptocurrency industry, U.S. Bitcoin Spot Exchange Traded Funds (ETFs) now control 6.35% of the total Bitcoin supply, with over 1.2 million BTC under management. This growth was evident on May 22, 2025, a day that saw multiple milestones in the crypto world.
On this day, BitGo, a prominent digital asset custody company, announced it would grant customers access to Bitcoin by receiving a Markets in Crypto-Assets (MiCA) license in Germany. This move likely contributed to the positive climate for ETF investments, as it signaled increased regulatory acceptance of digital assets.
Meanwhile, JPMorgan Chase CEO Jamie Dimon announced that the bank would offer clients access to Bitcoin, further indicating the growing interest of traditional institutions in the crypto space. If this trend persists, Bitcoin's role as a mainstream financial asset may solidify further.
However, the day was not without its challenges. The Cetus Protocol hack on the SUI blockchain resulted in losses exceeding $223 million, introducing uncertainty, particularly for tokens linked to the SUI ecosystem. This event triggered a wave of short liquidations, totaling $265 million across the crypto market, with $45.2 million in short BTC positions, leading to a powerful short squeeze.
In contrast to the significant inflows into Bitcoin ETFs, there was a net inflow of $12.3 million into U.S. spot Ethereum ETFs on May 22, a fraction of the inflows seen in Bitcoin ETFs. Despite the Cetus Protocol hack, sustained inflows into Bitcoin ETFs suggest that institutional investors are increasingly viewing Bitcoin as a reliable store of value.
As more traditional institutions enter the crypto space, the future of digital assets as mainstream financial assets continues to unfold. The growth of Bitcoin ETFs, coupled with the increasing interest from traditional financial institutions, indicates a promising outlook for the crypto industry.
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