Continued Inflow for BlackRock Bitcoin ETF with $4B in Last Two Weeks

BlackRock's iShares Bitcoin Trust (IBIT) has seen a surge in inflows with $481 million entering on May 28, resulting in a 33-day streak without an outflow. This has brought the total to nearly $9.5 billion new inflows this year, placing IBIT among the top 5 ETFs by inflows out of over 4,200.

In the past two weeks alone, it has seen an inflow of $3.86 billion. Since its launch in 2024, the fund has accumulated $48.8 billion in inflows and now manages assets worth $71 billion. On the contrary, Fidelity and Ark 21Shares saw an outflow of $14 million and $34.3 million respectively.

Large corporations are increasingly adding Bitcoin to their balance sheets, indicating an institutionally driven rally.