BlackRock’s Bitcoin ETF notches 2-week high inflow as BTC nears $112K
BlackRock’s iShares Bitcoin Trust (IBIT) experienced its largest inflow in two weeks, totaling $530.6 million on May 21, marking the highest single-day net inflow since May 5. IBIT has not recorded an outflow since April 9 and accumulated 4,931 BTC in one day, significantly surpassing the 450 BTC mined. The total inflow for all 11 spot Bitcoin ETFs reached $607.1 million, with Fidelity Wise Origin Bitcoin Fund (FBTC) receiving $23.5 million. Analysts describe the inflows as a "classic feeding frenzy" due to Bitcoin's price rally, which peaked near $112,000. May saw $3.6 billion in net inflows into Bitcoin ETFs, with expectations for continued investment as companies seek capital. Increased volatility is anticipated as Bitcoin enters new price discovery territory amid geopolitical and macroeconomic uncertainties.
