🚀 BlackRock's Bitcoin ETF Sees $530M Inflow as BTC Nears $112K
BlackRock's iShares Bitcoin Trust (IBIT) experienced a significant inflow of $530.6 million on May 21, marking its largest single-day net inflow since May 5. This surge coincides with Bitcoin's price approaching $112,000, reflecting heightened investor interest.
Key Highlights:
· IBIT acquired 4,931 BTC in one day, surpassing the 450 BTC mined during the same period.
· Trading volume for IBIT reached its highest level since January.
· Total inflows across all 11 U.S. spot Bitcoin ETFs amounted to $607.1 million, with Fidelity's Wise Origin Bitcoin Fund (FBTC) receiving $23.5 million.
Bloomberg ETF analyst Eric Balchunas described the inflows as a "classic feeding frenzy," attributing it to Bitcoin's recent price rally.
POLL: Is the surge in ETF inflows a sign of sustained institutional interest in Bitcoin?
· ✅ Yes, institutions are increasingly adopting BTC
· ❌ No, it's a short-term reaction
· 🤔 Unsure, need more data
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