BlackRock’s iShares Bitcoin Trust (IBIT) registered its largest inflow in two weeks, totaling $530.6 million on May 21. This marks its biggest single-day net inflow since May 5, and the ETF has not experienced an outflow since April 9. During this period, IBIT purchased 4,931 BTC while only 450 BTC were mined, indicating strong demand. The overall inflows for all 11 spot Bitcoin ETFs reached $607.1 million, with Fidelity's Bitcoin fund also performing well. The surge in trading volume is attributed to Bitcoin's price rally, which approached $112,000. Experts anticipate that as long as companies continue to seek capital in public markets and potential interest rate cuts by the Federal Reserve occur, the trend of inflows to Bitcoin ETFs will persist. The current trading activity is reminiscent of the heightened interest seen during Bitcoin's previous all-time high in January. Analysts suggest that breaking the $110,000 threshold may lead investors to explore the long-term value of Bitcoin further, despite existing geopolitical and economic uncertainties.

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