BlackRock’s Bitcoin ETF Sees $674.9M Inflow, Part of $4B Over 14 Days, as U.S. ETFs Hold $112B in BTC

U.S. spot Bitcoin ETFs have seen significant inflows, with BlackRock’s iShares Bitcoin ETF (IBIT) leading the pack by attracting $674.9 million on May 2, marking its 14th consecutive day of inflows, totaling over $4 billion. This surge in investment comes amidst a backdrop of heightened market volatility and growing anticipation around monetary policy. Overall, the total daily volume across all U.S. spot Bitcoin ETFs surpassed $2.8 billion in one day, indicating renewed institutional interest in Bitcoin. Additionally, the total value of Bitcoin held by U.S. ETFs has reached $112 billion, reflecting strong investor confidence in the cryptocurrency. Ethereum ETFs have also seen inflows, with $6.5 million on May 1 and $20.1 million on May 2. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant