BlackRock’s Bitcoin ETF notches 2-week excessive influx as BTC nears $112K

BlackRock’s iShares Bitcoin Trust (IBIT) has seen its largest influx prior to now two weeks as merchants allocate to US spot Bitcoin exchange-traded funds (ETFs) to scoop up the rocketing cryptocurrency.

IBIT’s May 21 internet inflows hit $530.6 million, its greatest single-day internet influx because it took in $531.2 million on May 5, according to Farside Investors. The ETF hasn’t had an outflow since April 9.

In sooner or later alone, IBIT has amassed over 10 occasions the quantity of Bitcoin (BTC) mined over the identical timeframe, with it scooping up 4,931 BTC towards simply 450 BTC produced for the day.

IBIT additionally noticed its largest quantity day since January, according to the ETF monitoring X account Trader T. 

“Given trading volume today, expect these inflow numbers to increase,” said ETF Store president Nate Geraci. 

The whole influx determine for all 11 spot ETFs was $607.1 million, with the Fidelity Wise Origin Bitcoin Fund (FBTC) seeing the second-most inflows for the day at $23.5 million. 

Related: BlackRock’s Bitcoin ETF posts $356 million inflows, marking the longest streak of 2025

Bloomberg ETF analyst Eric Balchunas called the ETF inflows a “classic feeding frenzy” brought on by Bitcoin’s latest worth rally, which has seen it prolong to almost $112,000 in early May 22 buying and selling. 

Balchunas added that the final time ETF buying and selling volumes soared to present ranges was in January, round Bitcoin’s then all-time excessive. “All the Bitcoin ETFs are elevated, most are gonna see 2x their average flows incoming,” he stated.

The large ETF influx and quantity day got here as Bitcoin notched a brand new all-time excessive above $110,000 late on May 2, and it has continued to rally to a high of just below $111,897 on Coinbase, according to TradingView.

Bitcoin ETF pile in to proceed 

Jeff Mei, operations chief on the crypto trade BTSE, instructed Cointelegraph in a observe that buyers are “crowding into Bitcoin ETFs,” which noticed $3.6 billion in internet inflows in May.

“We believe this trend will continue as long as companies continue to tap public markets for more capital,” he added. “This could even accelerate if the Fed decides to cut interest rates in the coming months.” 

Jupiter Zheng, HashKey Capital associate, anticipated extra volatility as soon as Bitcoin breaks above $110,000, telling Cointelegraph that it was “entering uncharted price discovery territory, while unstable geopolitical and macroeconomic factors lead investors to consider the long-term value of Bitcoin.”

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