BlackRock’s IBIT, a leading US-based exchange-traded fund (ETF), experienced unprecedented inflows on May 22, capitalizing on Bitcoin’s surge to a record high of over $110,000. Bloomberg ETF analyst Eric Balchunas highlighted that IBIT attracted $877.18 million in inflows, significantly outperforming traditional giants like Vanguard’s VOO, which saw $558 million, ranking it fifth for the day.
Prior to this achievement, on May 21, IBIT had its second-largest volume day ever, demonstrating the increasing institutional interest in BTC. This interest wasn’t isolated to IBIT alone; other Bitcoin ETFs also witnessed heightened activity, with volumes reaching twice their average in some cases. This trend underscores the growing appeal of regulated cryptocurrency investment options among institutional investors.
Overall, Bitcoin ETFs have collectively amassed over $44.5 billion in lifetime net inflows, indicating a robust demand for such investment vehicles. Within this burgeoning market, BlackRock’s IBIT has emerged as a particularly noteworthy performer, amassing about $8 billion in just the past five weeks.
Catch the latest on how BlackRock’s IBIT is outpacing traditional ETFs following Bitcoin’s historic price rally. #Bitcoin #ETFs #InvestmentTrends 🚀💼
