Bitcoin ETF Inflows Soar: BlackRock IBIT Drives $678 Million Surge

The cryptocurrency investment landscape is seeing a surge in interest, fueled by the latest data from US spot Bitcoin ETFs. On May 2nd, these investment vehicles experienced a significant net inflow of $678.78 million – marking a positive shift after periods of volatility. This development gained attention due to BlackRock’s IBIT fund playing a dominant role in this influx.