Bitcoin’s bullish trend continued on Monday despite a short-lived drop, as major investors continue contributing to the market. More than $667 million flowed into spot Bitcoin ETFs on May 19, showing investors’ ongoing confidence in the digital asset despite its recent highs and lows.

The iShares Bitcoin Trust (IBIT) from BlackRock led the way, taking in $306 million in one day. Since it was founded, IBIT has brought in about $6.5 billion, with an additional $1.1 billion added in just the last four days.

Fidelity’s FBTC raised $188 million and Ark Invest’s ARKB brought in $155 million, as tracked by Farside Investors. This institutional buying came at a time when Bitcoin saw a 3% increase that reversed the early week decrease.

Bitcoin Rally Drives Meme Coin Momentum

Crypto Fear and Greed Index has shown that the market is more driven by greed than fear. The past month included outflows on only three days and after that, there have been four straight sessions of net inflows.

Technical analysts continue to feel hopeful. Crypto expert Benjamin Cowen said that Bitcoin’s price movement suggests a “golden cross” is coming, which usually marks the beginning of a strong and lasting upward trend.

Bitcoin ETFs Surge as BTCBULL Presale Nears Goal

Bitcoin is now close to its historic high, fueling concerns about a double-top reversal if it surpasses $107,000. Even so, Swissblock Technologies responded by noting that Bitcoin’s general trajectory is positive. The company’s Bitcoin Fundamental Index is staying in the neutral range, meaning there is no strong sign of a future reversal.

Bitcoin ETFs Surge as BTCBULL Presale Nears Goal

At the same time, a meme coin called Bitcoin Bull (BTCBULL) has grabbed attention with its unique rewards system linked to Bitcoin’s price. Each $25,000 increase in BTC’s price between $100,000 and $250,000 unlocks additional treats, such as token burns and BTC, for BTCBULL holders. The biggest benefit comes when Bitcoin hits $250,000.

The ongoing presale of BTCBULL has gathered over $6 million so far, close to reaching the stated $6.9 million goal. At the time of writing, each token is worth $0.00252 and can be purchased for ETH or USDT. Interest from investors during the presale has been high, with early holders ready to earn big profits if Bitcoin’s rally continues.

Stronger institutional assistance and growth of exciting crypto projects are making the digital asset space active once again, preparing for an eventful summer in cryptocurrencies.