BlackRock's IBIT recorded $290 million in inflow on Tuesday, more than the fund has seen in the past 21 trading days combined.
BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) made up 95% of the total inflow into United States spot Bitcoin ETFs on Tuesday — which together raked in over $300 million in net inflow.
According to preliminary data from Farside Investors, BlackRock’s iShares Bitcoin Trust (IBIT) posted a large inflow of $290 million on May 21. The net inflow for all eleven ETF issuers combined was $305.7 million.
This is the highest inflow for BlackRock ETF since April 5, reversing a trend of zero or very low inflows for the past six weeks or so.
