Surge in Trading Volume and Inflows
BlackRock's iShares Bitcoin Trust (IBIT) has recorded its highest single-day net inflow in two weeks, with **$530.6 million** on May 21. This marks the ETF's largest influx since May 5 ($531.2 million), according to Farside Investors. Notably, IBIT hasn’t experienced an outflow since April 9.
👉 Discover how institutional investors are driving Bitcoin demand
Key Data Highlights:
- BTC Acquisition: IBIT absorbed 4,931 BTC in one day—over 10x the daily mining output (~450 BTC).
- Trading Volume: Highest since January 2025, per Trader T’s ETF tracker.
- Total Spot ETF Inflows: All 11 U.S. ETFs collectively attracted $607.1 million**, with Fidelity’s FBTC ranking second at **$23.5 million.
Market Drivers Behind the Rally
Bitcoin’s Price Momentum
BTC’s rally to $112K on May 22 fueled a "classic feeding frenzy," as described by Bloomberg analyst Eric Balchunas. ETF volumes last peaked in January during BTC’s previous all-time high (ATH).
👉 Explore Bitcoin’s latest price trends
Institutional Sentiment
- Jeff Mei (BTSE): Investors are "crowding into Bitcoin ETFs," with May inflows hitting $3.6 billion. Potential Fed rate cuts could further accelerate this trend.
- Jupiter Zheng (HashKey Capital): BTC’s break above $110K introduces volatility, entering "uncharted price discovery territory" amid macroeconomic uncertainties.
FAQs
Why are Bitcoin ETF inflows surging?
Rising BTC prices and institutional confidence are driving demand, with ETFs offering regulated exposure to cryptocurrency.
How does IBIT’s inflow compare to Bitcoin mining?
On May 21, IBIT acquired 4,931 BTC—11x the daily mining output (~450 BTC), highlighting intense institutional accumulation.
What’s next for Bitcoin ETFs?
Analysts anticipate sustained inflows, especially if macroeconomic conditions (e.g., potential Fed rate cuts) favor risk assets.