FameEX Hot Topics | BlackRock’s Bitcoin ETF Sees 2-Week Inflow Peak as BTC Approaches $112K

BlackRock’s iShares Bitcoin Trust (IBIT) witnessed its most significant inflow in two weeks as investor appetite surged for U.S. spot Bitcoin ETFs. On May 21, IBIT recorded a net inflow of $530.6 million, marking its largest single-day inflow since May 5, when it attracted $531.2 million, according to Farside Investors. Notably, IBIT has reported no outflows since April 9, reflecting consistent investor confidence amid Bitcoin’s rapid ascent.

In an impressive feat, IBIT acquired 4,931 BTC in a single day—over ten times the 450 BTC mined within the same 24-hour period. This imbalance between demand and new supply underscores the growing institutional interest in the cryptocurrency. Additionally, May 21 marked IBIT’s most active trading day since January, further emphasizing the ETF’s rising traction. ETF Store president Nate Geraci remarked that such trading activity could foreshadow even greater inflows.

Across all 11 U.S. spot Bitcoin ETFs, total inflows reached $607.1 million on May 21. The Fidelity Wise Origin Bitcoin Fund (FBTC) followed IBIT with $23.5 million in inflows, placing a distant second. Bloomberg ETF analyst Eric Balchunas described the activity as a “classic feeding frenzy,” driven by Bitcoin’s price surging toward $112,000 in early May 22 trading. He noted that this mirrored the trading frenzy seen in January when Bitcoin last hit record highs.

Balchunas further commented that Bitcoin ETFs were witnessing elevated activity across the board. “Most are gonna see 2x their average flows incoming,” he said, pointing to renewed bullish sentiment. The inflows coincided with Bitcoin achieving a fresh all-time high of over $110,000 late on May 21 and peaking just shy of $111,897 on May 22, according to TradingView.

Jupiter Zheng of HashKey Capital noted that Bitcoin's price has now entered “uncharted discovery territory.” He warned that surpassing the $110,000 threshold amid ongoing geopolitical uncertainty and macroeconomic instability could lead to increased volatility, while reinforcing Bitcoin’s appeal as a long-term value asset.

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