Bitcoin ETFs See $934.8M Inflows, Led by BlackRock's IBIT in Largest Day Since January Surge

Spot Bitcoin ETFs attracted $934.8 million in net inflows on May 22, marking the largest single-day inflow since January 17

Spot Bitcoin ETFs saw a whopping $934.8 million in net inflows on May 22, marking the largest single-day inflow since January 17, according to data from Farside. The spike in interest comes amid renewed momentum in the crypto markets, pushing Bitcoin towards new all-time highs.

The wave of inflows began early in the year with January’s record-breaking ETF activity, which drew massive attention to Bitcoin and sparked a rally in BTC’s price.

Of the total inflow, BlackRock’s iShares Bitcoin Trust (IBIT) accounted for a massive $877.2 million, more than 93% of the day’s ETF volume. The fund absorbed an astounding $7.7 billion in the past month alone, going “full Pac-Man” in the ETF inflow race, according to Bloomberg ETF analyst Eric Balchunas.

With assets under management now reaching $68.7 billion, IBIT is among the top five ETFs by year-to-date inflows across all asset classes.

“IBIT has gone full Pac-Man in the past month.”

This marks a significant shift in the market, as investors increasingly prefer regulated investment vehicles for gaining exposure to Bitcoin with transparency and security.

The latest data from Glassnode shows that Bitcoin's price dropped slightly to around $108,000, deviating from its brief touch of $110,000 earlier.

Despite the minor setback, Bitcoin is still holding strong above the critical $100,000 level, which it had breached in May for the first time since January 2024.

While IBIT led the charge with the majority of the day's volume, Fidelity's FBTC also saw substantial inflows of $48.7 million.

Furthermore, ARK Invest's ARKB recorded inflows of $8.9 million, and no other spot Bitcoin ETFs reported any net inflows for the day.

The post Bitcoin ETFs See $934.8M Inflows, Led By BlackRock’s IBIT In Largest Day Since January Surge appeared first on Benzinga.