PiCK

BlackRock Bitcoin ETF Sees Inflows of Approximately ₩8.7 Trillion in May…Total Assets Surpass ₩98 Trillion

Source
Minseung Kang

Summary

  • BlackRock’s spot Bitcoin ETF, IBIT, recorded an all-time high net inflow of about ₩8.7725 trillion in May.
  • Total assets under management surpassed ₩98 trillion, and the surge in demand is reported to be driven mainly by institutional investors amid economic uncertainty and inflation concerns.
  • With the perspective of Bitcoin as a store of value spreading, the outlook is that institutional demand for ETFs and similar investment products is likely to continue rising.
Photo = Shutterstock
Photo = Shutterstock

BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) posted its largest-ever monthly inflow in May. According to Bloomberg on the 30th (local time), BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), recorded net inflows totaling over $6.35 billion (approximately ₩8.7725 trillion) this month. This is the largest amount since its launch in January 2024, and the total assets under management (AUM) have surpassed $71 billion (about ₩98 trillion).

Kirill Kretov, a CoinPanel trading automation specialist, analyzed, “This surge in ETF demand is mainly due to institutional investors seeking regulated Bitcoin exposure amid economic uncertainty and inflation concerns,” adding, “BlackRock’s own bond fund, the Strategic Income Opportunities Portfolio, also increased its IBIT holdings, contributing to this trend.”

Bitcoin hit an all-time high of $111,980 earlier this month. This upward trend is believed to have been driven by improving regulatory conditions such as progress on the U.S. stablecoin bill, as well as increased demand for alternative assets due to heightened geopolitical risk like the escalating U.S.-China trade tensions.

The media outlet noted, “Uncertainty in the market persists as the U.S. Court of Appeals temporarily allowed Trump’s tariffs to be enforced on the 29th (local time),” but added, “As the view of Bitcoin as a store of value continues to spread, institutional demand for related ETFs and investment products is likely to keep increasing.”

Minseung Kang

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
hot_people_entry_banner in news detail bottom articleshot_people_entry_banner in news detail mobile bottom articles
What did you think of the article you just read?




PiCK News

Bitcoin rebounds on hopes of easing geopolitical tensions… “The next five days will determine the direction”

7 minutes ago
Bitcoin rebounds on hopes of easing geopolitical tensions… “The next five days will determine the direction”

Trump signals willingness to strike a deal with Iran… Israel: "Low chance talks will succeed"

1 hours ago
Trump signals willingness to strike a deal with Iran… Israel: "Low chance talks will succeed"

"Will passage of the Digital Assets Basic Act be delayed in the first half…Possibility of exclusion from the National Policy Committee agenda"

2 hours ago
"Will passage of the Digital Assets Basic Act be delayed in the first half…Possibility of exclusion from the National Policy Committee agenda"

Iran: "No end to the war without sanctions relief and compensation"…risk of prolonged conflict

3 hours ago
Iran: "No end to the war without sanctions relief and compensation"…risk of prolonged conflict

US spot Ethereum ETFs see $16.42 million in net outflows…four straight sessions

6 hours ago
US spot Ethereum ETFs see $16.42 million in net outflows…four straight sessions

Trending News