{"id":129761,"date":"2025-05-22T05:18:53","date_gmt":"2025-05-22T05:18:53","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129761"},"modified":"2025-05-22T05:18:53","modified_gmt":"2025-05-22T05:18:53","slug":"blackrocks-bitcoin-etf-notches-2-week-high-inflow-as-btc-nears-112k","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129761","title":{"rendered":"BlackRock\u2019s Bitcoin ETF notches 2-week high inflow as BTC nears $112K"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBlackRock\u2019s iShares Bitcoin Trust (IBIT) has seen its largest inflow in the past two weeks as traders allocate to US spot Bitcoin exchange-traded funds (ETFs) to scoop up the rocketing cryptocurrency.<br \/>\nIBIT\u2019s May 21 net inflows hit $530.6 million, its biggest single-day net inflow since it took in $531.2 million on May 5, according to Farside Investors. The ETF hasn\u2019t had an outflow since April 9.<br \/>\nIn one day alone, IBIT has accumulated over 10 times the amount of Bitcoin (BTC) mined over the same timeframe, with it scooping up 4,931 BTC against just 450 BTC produced for the day.<br \/>\nIBIT also saw its largest volume day since January, according to the ETF tracking X account Trader T.\u00a0<br \/>\n\u201cGiven trading volume today, expect these inflow numbers to increase,\u201d said ETF Store president Nate Geraci.\u00a0<br \/>\nBlackRock IBIT net flows. Source: Trader TThe total inflow figure 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.\u00a0<br \/>\nRelated: BlackRock\u2019s Bitcoin ETF posts $356\u202fmillion inflows, marking the longest streak of 2025<br \/>\nBloomberg ETF analyst Eric Balchunas called the ETF inflows a \u201cclassic feeding frenzy\u201d caused by Bitcoin\u2019s recent price rally, which has seen it extend to nearly $112,000 in early May 22 trading.\u00a0<br \/>\nBalchunas added that the last time ETF trading volumes soared to current levels was in January, around Bitcoin\u2019s then all-time high. \u201cAll the Bitcoin ETFs are elevated, most are gonna see 2x their average flows incoming,\u201d he said.<br \/>\nIBIT trading volume surges to January levels. Source: Eric Balchunas\u00a0The big ETF inflow and volume day came as Bitcoin notched a new all-time high above $110,000 late on May 2, and it has continued to rally to a top of just under $111,897 on Coinbase, according to TradingView.<br \/>\nBitcoin ETF pile in to continue\u00a0<br \/>\nJeff Mei, operations chief at the crypto exchange BTSE, told Cointelegraph in a note that investors are \u201ccrowding into Bitcoin ETFs,\u201d which saw $3.6 billion in net inflows in May.<br \/>\n\u201cWe believe this trend will continue as long as companies continue to tap public markets for more capital,\u201d he added. \u201cThis could even accelerate if the Fed decides to cut interest rates in the coming months.\u201d\u00a0<br \/>\nJupiter Zheng, HashKey Capital partner, anticipated more volatility once Bitcoin breaks above $110,000, telling Cointelegraph that it was \u201centering uncharted price discovery territory, while unstable geopolitical and macroeconomic factors lead investors to consider the long-term value of Bitcoin.\u201d<br \/>\nMagazine: Arthur Hayes $1M Bitcoin tip, altcoins \u2018powerful rally\u2019 looms: Hodler\u2019s Digest<a href=\"https:\/\/cointelegraph.com\/news\/blackrock-bitcoin-etf-biggest-inflow-two-weeks-as-bitcoin-nears-11200?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBlackRock\u2019s iShares Bitcoin Trust (IBIT) has seen its largest inflow in the past two weeks as traders allocate to US spot Bitcoin exchange-traded funds (ETFs) to scoop up&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129761"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129761"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129761\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129761"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}