BlackRock iShares Bitcoin Trust ETF (IBIT) Tops All U.S.-Listed ETFs in Daily Inflows

On May 22, the BlackRock iShares Bitcoin Trust ETF (IBIT) topped all U.S.-listed exchange-traded funds in daily inflows for the first time

On May 22, the BlackRock iShares Bitcoin Trust ETF (IBIT) took the top spot in daily inflows among all U.S.-listed exchange-traded funds for the first time, stealing the thunder from Vanguard's S&P 500 ETF (VOO).

According to Bloomberg Senior ETF Analyst Eric Balchunas, IBIT's single-day inflow reached $877.18 million, a record-breaking feat. This contribution to a massive total of approximately $8 billion in inflows over the last five weeks.

As Bitwise President Teddy Fusaro pointed out, the Bitcoin ETFs' performance seems to indicate an exceptionally successful introduction into the market, especially considering the asset accumulation and inflow figures to date.

This record-breaking day pushed IBIT to the forefront of the ETF inflow leaderboard. Over the last month alone, the fund has accumulated more than $7.5 billion, highlighting the substantial market interest in digital asset-backed products.

Balchunas also noted that May 21 saw the second-highest trading volume ever for IBIT, closely trailing the activity from January 23—another date that coincided with a Bitcoin all-time high. Furthermore, lifetime net flows for all Bitcoin ETFs combined have now reached $44.5 billion, signifying their increasing presence in traditional investment portfolios.

In other ETF news, Treasury bond ETFs also experienced heightened demand. iShares' TLT ETF, which tracks long-duration U.S. government bonds, reported $851.83 million in daily inflows and over $2.2 billion for the week.

While this figure falls short of IBIT's record, it still showcases a growing interest among investors in duration exposure, possibly driven by shifting interest rate anticipations or broader risk management techniques.

As for VOO, it remained a strong contender with $558.06 million in daily inflows and $14.66 billion over the last month.

Institutional Momentum

Data from CoinShares for the week ending May 19 highlighted the strong inflows into iShares ETFs in the U.S., with a total of $907.80 million in weekly inflows.

Month-to-date, iShares pulled in $2.98 billion, bringing the year-to-date total to $9.04 billion. The product now manages over $69 billion in total assets under management (AUM).

In contrast, Grayscale Investments LLC continued to experience net outflows. The Grayscale Bitcoin Trust (GBTC) saw $42.46 million in outflows over the week, with monthly losses of $152.77 million and year-to-date net redemptions totaling $1.62 billion. Despite managing $29.67 billion in AUM, these figures suggest a notable rotation away from higher-cost legacy products toward newer, lower-fee alternatives.