BlackRock’s Bitcoin ETF Drives $877 Million Inflows, Dominating US Market

BlackRock’s Bitcoin Exchange-Traded Fund (ETF) has experienced unprecedented inflows, exceeding $877 million in a single day. This massive influx marks a significant surge in institutional investment towards Bitcoin and positions BlackRock’s iShares Bitcoin Trust as a market leader. 8,725 BTC of assets flowed into the ETF on May 23rd, translating to $954.77 million, significantly surpassing traditional ETFs such as Vanguard’s VOO, which tracks the S&P 500.