BlackRock’s Bitcoin ETF hits 6-week inflow high amid early-week BTC rally
BlackRock’s IBIT recorded $290 million of inflows on Tuesday, May 21 — more than the fund has seen in the past 21 trading days combined.
BlackRock’s spot Bitcoin exchange-traded fund (ETF) made up 95% of the total inflows into United States spot Bitcoin ETFs on Tuesday, May 21, which together raked in over $300 million in net inflows.
According to preliminary data from Farside Investors, BlackRock’s iShares Bitcoin Trust (IBIT) posted large inflows of $290 million on May 21. The net inflow for all eleven ETF issuers combined was $305.7 million.
This is the highest inflow to BlackRock’s ETF since April 5, reversing a trend of zero or very low inflows for the past six weeks or so.
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Author: Martin Young
