BlackRock Bitcoin ETF Enters Top Five US ETF List With Latest $877 Million Inflows

BlackRock Bitcoin ETF (IBIT) has witnessed mammoth inflows, raking in an additional $877 million on Thursday, May 22. With more than $9 billion pouring in so far this year, this puts IBIT among the top five US ETFs by inflows. Also, IBIT’s total inflows since inception have now crossed a massive $47.5 billion. BlackRock Bitcoin ETF Hits New Milestones BlackRock’s iShares Bitcoin Trust (IBIT) had sweeping inflows on Thursday, hitting new milestones with daily trading volume surging $4.2 billion. With these total inflows, BlackRock scooped in a total of 7860 Bitcoins in a single day. As per the official IBIT data, the firm now holds a total of 643,755.21320 Bitcoins, with net assets under management of $70.1 billion. Source: Thomas Fahrer BlackRock Bitcoin ETF has become the gold standard for institutions looking to seek exposure to BTC. Goldman Sachs is one of the biggest holders of IBIT shares currently in... Read More at Coingape.com

The post BlackRock Bitcoin ETF Enters Top Five US ETF List With Latest $877 Million Inflows appeared first on CoinGape.

BlackRock Bitcoin ETF Enters Top Five US ETF List With Latest $877 Million Inflows

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