BlackRock’s Bitcoin ETF Dominates Inflows as BTC Shatters Records
Wall Street’s crypto love affair hits fever pitch—IBIT rakes in cash while Bitcoin soars past its all-time high.
The big money moves:
BlackRock’s spot Bitcoin ETF isn’t just winning—it’s vacuuming up capital that used to sit on the sidelines. Meanwhile, legacy finance scrambles to justify why they called this a ’fad’ three ATHs ago.
The cynical take:
Nothing gets institutional dollars flowing like FOMO dressed up as ’portfolio diversification.’ Welcome to the new gold rush—just with more blockchain buzzwords and fewer pickaxes.
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.
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.
