BlackRock’s IBIT ETF Sees Record Inflow Amid Bitcoin ETF Surge

By: Eva Baxter

Massive Inflows for BlackRock's IBIT ETF

Farside data reveals that on May 21, Bitcoin (BTC) exchange-traded funds (ETFs) collectively attracted $305.7 million, marking the largest single-day inflow since May 3.

BlackRock’s IBIT ETF was the primary driver, with an impressive $290 million inflow, raising its total net inflow to $16 billion. Despite a few mixed results among other ETFs, the total net inflow for all Bitcoin ETFs now stands at $13.2 billion, according to HeyApollo.

IBIT now holds 281,899 BTC, trailing only slightly behind Grayscale's GBTC, which holds 289,512 BTC. On May 21, IBIT alone accumulated 4,183 BTC out of the total 4,409 BTC inflow.