Spot Bitcoin ETFs experience modest $5M inflow despite Bitcoin reaching $105,000.

Between May 6 and May 12, activity with spot Bitcoin ETFs diminished, with Monday showing a slower pace to the week’s beginning.

Following a significant outflow of $85.7 million on May 6, daily net inflows remained low, resulting in a slight gain of only $5.2 million by May 12. During the same period, Bitcoin’s price rose from $96,825 on May 6 to $104,405 by May 12.

Although the decrease in inflows may raise concerns, it is more indicative of a healthy pause in the market instead of a decline in institutional interest. The late April to early May period experienced unprecedented ETF activity, which drove Bitcoin past the $100,000 mark.

The present pricing and ETF landscape suggest a consolidation phase, where inflows are stabilizing rather than reversing in the face of continued macroeconomic support.

The relatively low inflows observed at the week’s start likely resulted from two main factors: Bitcoin’s price lingering near significant psychological levels, prompting short-term profit-taking, and a natural slowdown following weeks of intense institutional buying.

Despite this slight setback, ETF inflows remained net positive throughout the duration, emphasizing that institutional players are not withdrawing but instead readjusting after the surge in April.

If Bitcoin stays above the $100,000 mark, even minor inflows could sustain a bullish trend. However, a prolonged lack of substantial institutional interest might increase vulnerability to volatility as the market consolidates near these historic highs.