BlackRock's Bitcoin fund raised a record $6.3 billion in May amid trade wars
BlackRock Inc.'s iShares Bitcoin Trust saw its largest monthly capital inflow since its launch in May as Bitcoin reached a new high, becoming a popular alternative asset. This is reported by Bloomberg.
During the month, the fund attracted $6.35 billion in net inflows, setting a record since January 2024. This increased assets under management to over $71 billion, demonstrating growing interest from institutional investors in Bitcoin amid market instability. Since April, markets have been tense due to Trump's reintroduction of reciprocal tariffs, perceived as a threat to global trade and the economy. This has heightened fears of slowing growth, making Bitcoin attractive as a store of value, which could stimulate further capital inflows into crypto products.
