Bitcoin ETFs Record Nearly $1 Billion Worth of Inflows

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U.Today
05-23

Bitcoin exchange-traded funds (ETFs) recorded a total of $934 million worth of inflows on Thursday. 

This coincided with Bitcoin hitting a new record high of $111,814, according to CoinGecko data. 

BlackRock's IBIT accounted for virtually all of these inflows with $877 million. This is one of the biggest days for IBIT since its launch in early 2024. 

In less than a month, the ETF has recorded a total of $900 million worth of inflows. 

Fidelity's FBTC comes in extremely distant second place with $49 million worth of inflows. 

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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