Investors Pour $2.3 Billion into Bitcoin ETFs in Just Six Days

On May 21, investors allocated a total of $609 million into spot ETFs based on digital gold, bringing the total for the past six days to $2.3 billion.

This upward trend coincided with the first cryptocurrency reaching a new all-time high of over $109,000. On May 22, prices broke through the $111,000 mark.

Overall inflows into these products have risen to $43.38 billion, with assets under management (AUM) totaling $129.02 billion.

On May 21, the significant contribution to this positive trend came from IBIT by BlackRock, amounting to $530.6 million.

According to Bloomberg analyst Eric Balchunas, BlackRock’s Bitcoin fund has entered the top five ETFs by inflows since the beginning of the year, attracting approximately $9 billion. Notably, $6.5 billion of this was invested in the past month alone. In April, IBIT ranked 47th in this category.

Previously, Bitwise’s Chief Investment Officer, Matt Hougan, predicted that by the end of 2025, BTC ETFs would be integrated into the service offerings of firms like Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS.

It’s worth mentioning that Bernstein identified institutional purchases as one of the five key factors contributing to the continued growth of Bitcoin.