BlackRock’s Bitcoin ETF Seeks $481M Inflows, Setting New Highs

BlackRock’s Bitcoin Exchange-Traded Fund (ETF) experienced significant inflows on May 28th, reaching a record $481 million in new investments. This marks the fund’s 33 consecutive trading days without an outflow and comes after a high of over $4,500 per share on May 23rd. Analysts attribute this growth to expanding cryptocurrency applications and increasing interest from institutional investors. The ETF Store President noted that BlackRock’s Bitcoin ETF is among the top five ETFs by inflows this year, with data showing strong consistent flows since April 9th.