BlackRock’s IBIT leads U.S. ETF inflows as Bitcoin surpasses $110K

BlackRock’s iShares Bitcoin Trust (IBIT) recorded the highest inflows among all U.S. ETFs on May 22 after Bitcoin reached a new all-time high above $110,000.

Bloomberg analyst Eric Balchunas reported that IBIT attracted $877.18 million in a single day, far exceeding traditional ETFs like Vanguard’s VOO, which saw $558 million and ranked fifth.

Balchunas also noted May 21 was IBIT’s second-largest trading day ever. The surge extended to other Bitcoin ETFs, with trading volumes nearly doubling due to rising institutional demand.

Total net inflows into Bitcoin ETFs now exceed $44.5 billion, with IBIT alone pulling in around $8 billion in the last five weeks.