BlackRock’s IBIT leads all US ETF inflows following Bitcoin’s historic rally to new ATH

BlackRock’s IBIT topped all US-based exchange-traded funds (ETFs) in inflows on May 22 following Bitcoin’s rally to a new all-time high above $110,000.

On May 23, Bloomberg ETF analyst Eric Balchunas reported that IBIT attracted $877.18 million in inflows that day, outpacing traditional heavyweights like Vanguard’s VOO, which tracks the S&P 500. VOO, typically a market leader, only saw $558 million in inflows, placing fifth on the day.

BlackRock IBIT’s Inflow (Source: X/Balchunas)

Before this milestone, Balchunas had observed that IBIT posted its “second biggest volume day ever” on May 21.

BlackRock IBIT Trading Volume on May 21 (Source: X/Balchunas)

He noted that this trend was also observed in other Bitcoin ETF products, which had seen above-average volume thanks to the growing institutional interest in BTC, with investors piling into crypto-related funds during the price surge.

Balchunas said:

“All the BTC ETFs are elevated, most gonna see 2x their [daily] average. Flows incoming.”

The cumulative impact of these gains has been substantial. Lifetime net inflows into all Bitcoin ETFs have now surpassed $44.5 billion, which illustrates the growing demand for regulated crypto investment vehicles.

BlackRock’s IBIT has been a standout performer among these products, adding approximately $8 billion over the last five weeks alone.

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