Bitcoin ETF flows are doing the heavy lifting.
Over the past 30 days, Bitcoin ETFs have absorbed more than 75K BTC in net inflows. That’s above the threshold our model historically expects sustained price gains.
With the current pace of flows, our ETF flows-to-price model puts

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<Odaily> Planet Daily News: According to SoSoValue data, yesterday (Eastern Time, May 23rd), the total net inflow of Bitcoin spot ETFs was $212 million. Yesterday, the Bitcoin spot ETF with the highest single-day net inflow was Blackrock's IBIT, with a single-day net inflow of $431 million, and its historical total net inflow has reached $48.985 billion. Following that, VanEck ETF HODL had a single-day net inflow of $17.7185 million, with its historical total net inflow reaching $930 million. The Bitcoin spot ETF with the highest single-day net outflow yesterday was Grayscale's GBTC, with a single-day net outflow of $89.1747 million, and its historical total net outflow has reached $23.079 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs was $131.392 billion, with the ETF net asset ratio (market value as a percentage of total Bitcoin market value) reaching 6.11%, and the cumulative net inflow has reached $44.527 billion.

Bitcoin spot ETFs had a total net inflow of $212 million yesterday, continuing its net inflow for 8 consecutive days

According to SoSoValue data, the total net inflow of <ETH> spot ETF was $111 million yesterday (May 22, Eastern Time), continuing a 5-day net inflow. The <ETH> spot ETF with the highest single-day net inflow yesterday was the Grayscale <ETH> Trust ETF <ETHE>, with a single-day net inflow of $43.7452 million. Currently, <ETHE> has a historical total net outflow of $4.285 billion.

Ethereum spot ETFs had a total net inflow of $111 million on May 22

According to SoSoValue data, yesterday (Eastern Time, May 23rd), the total net inflow of <ETH> spot ETF was $58.6295 million, continuing a 6-day net inflow. The <ETH> spot ETF with the highest single-day net inflow yesterday was Blackrock's <ETHA>, with a single-day net inflow of $52.8429 million, and its historical total net inflow has now reached $4.4 billion.

On May 23, the total net inflow of Ethereum spot ETF was US$58.6295 million

What to watch: If flows stay elevated, the current rally has room to run. If they slow, expect price to drift back toward the center of the model range.
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