Bitcoin ETFs Resume Inflow Winning Streak; BlackRock's IBIT Crosses $20B in AUM
Summary
US-based spot bitcoin ETFs have seen 15 consecutive sessions of net inflows, leading BlackRock's iShares Bitcoin Fund (IBIT) to exceed $20 billion in assets under management. Over the past month, the ETFs have attracted approximately $2.4 billion in new money, making it the third-largest net inflow in the entire ETF market. Despite a slowdown in inflows in April, net inflows have averaged $140 million per day since May 16. IBIT has been the strongest performer, drawing in $1.1 billion during this period and holding 291,563 bitcoins valued at $20.15 billion.
