BlackRock Breaks Six-Week Record with Bitcoin

More than 90% of the money entering spot Bitcoin ETFs in the US on May 21 flowed into BlackRock's fund.

According to Farside Investors data, $290 million entered BlackRock's iShares Bitcoin Trust fund the other day. There was a total inflow of $305.7 million into eleven ETFs traded on the market.

The amount of money that entered BlackRock's fund just in the last day was higher than the total amount that entered in the last 21 days before that.

A total of approximately $950 million has flowed into spot Bitcoin ETFs over the past week.

Approximately 16 billion dollars have been invested in the fund of BlackRock, the world's largest asset manager, since its establishment. BlackRock thus approached Grayscale Bitcoin Trust (GBTC).