The American Bitcoin spot ETF (Exchange Traded Fund) recorded 16 consecutive days of net inflows yesterday. The recent inflows, combined with the rise in Bitcoin prices, have pushed BlackRock’s iShares Bitcoin Trust Fund (IBIT) assets under management to over $20 billion for the first time.
According to information shared by Bloomberg ETF analyst Eric Balchunas, the Bitcoin spot ETF has attracted approximately $2.4 billion in new funds over the past month, ranking third in the US ETF market. Balchunas stated in a tweet on X:
“After the initial frenzy of the spot ETF launch, fund inflows significantly slowed down. In April, there were even a few days of outflows, which experts considered to be a normal phenomenon. However, since May 16th, the ETF has resumed continuous net inflows, averaging $140 million per day. According to data from Farside Investors, during this period, IBIT, along with nine other funds, attracted $1.1 billion in funds, showing the strongest performance. As of yesterday, IBIT held 291,563 Bitcoins, valued at $20.15 billion.”
Update at 14:00 on June 5th: According to preliminary statistics from Farside Investors, the net inflow of the American Bitcoin spot ETF on Tuesday (June 4th) amounted to $886 million, marking 16 consecutive trading days of net inflows and setting a new second-highest record.
The Bitcoin spot ETF with the highest net inflow yesterday was Fidelity’s FBTC, with approximately $378 million, followed by BlackRock’s IBIT with $274 million. Grayscale’s GBTC also saw a net inflow of $28.2 million.
Source: Farside Investors
