BlackRock’s Bitcoin ETF Sees Highest Inflows in 6 Weeks
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22 May

BlackRock's spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), dominated the US market on Tuesday by receiving 95% of global inflows into spot Bitcoin ETFs.

According to preliminary data from Farside Investors, IBIT received an impressive $290 million, contributing to combined net inflows of $305.7 million from the eleven ETF issuers.

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This is the largest inflow recorded by BlackRock IBIT since April 5, breaking a six-week trend of low or no inflows.

Over the past four trading days, spot Bitcoin ETFs have received more than $1 billion in inflows.

Although Farside Investors has recorded a total of $16 billion in inflows since its launch, IBIT's official website shows assets under management of $19 billion.

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