BlackRock’s Bitcoin ETF Hits $530M Inflow as BTC Soars

BlackRock’s Bitcoin ETF Hits $530M Inflow as BTC Soars

On May 21, BlackRock's iShares Bitcoin Trust (IBIT) saw $530.6 million, the largest one-day inflow in more than two weeks. The spike coincides with Bitcoin's continued fast price rise, which has brought it close to $112,000 and sparked a resurgence of institutional interest in spot Bitcoin ETFs located in the United States. IBIT's most recent inflow is the biggest since May 5, when it brought in $531.2 million, according to statistics fr...

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