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Bitcoin ETF Surges with $877M Inflows

BlackRock Bitcoin ETF Among Top Five US ETFs by Inflows

  • BlackRock Bitcoin ETF (IBIT) received an additional $877 million on May 22.
  • Total inflows for IBIT have surpassed $9 billion this year.
  • Cumulative inflows since inception have exceeded $47.5 billion.
  • Goldman Sachs is a major holder of IBIT shares.
  • Blackstone Investments recently purchased over $1 million in IBIT shares.

The BlackRock Bitcoin ETF has achieved significant milestones, with over $9 billion in inflows this year and cumulative inflows exceeding $47.5 billion, making it one of the top five US ETFs by inflows.

Source (2.6)https://coingape.com/blackrock-bitcoin-etf-enters-top-five-us-etf-list-with-latest-877-million-inflows/?rand=24432
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