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.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange
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.