Bitcoin ETF Inflows Soar to $934 Million as IBIT Makes Major Purchase

Bitcoin exchange-traded funds (ETFs) experienced a massive influx of capital in May, with inflows reaching an impressive $934.74 million on May 22nd driven by a record purchase from IBIT. This marks the largest single-day inflow for IBIT in May, and significantly boosts its cumulative net inflow to a staggering $47.55 billion. Total daily Bitcoin ETF trading reached $5.39 billion, reflecting strong market participation.