Bitcoin Spot ETF Sees Record $114.9 Million Inflow as BlackRock’s BIT Hits $409.7 Million

In a significant development within the financial landscape, COINOTAG reports that on May 16th, monitoring by Farside Investors revealed a striking net inflow of $114.9 million into the US Bitcoin spot ETF. This notable increase highlights growing institutional interest in cryptocurrency investments. Furthermore, BlackRock’s Bitcoin ETF, identified by its ticker BIT, recorded a substantial inflow of $409.7 million, underscoring the momentum behind cryptocurrency assets as they gain traction among institutional investors and wealth managers. The uptick in these inflows indicates a shift in market sentiment, with traditional finance continuing to embrace digital assets as a viable investment strategy. Such trends are pivotal for understanding the evolving dynamics of the crypto market and its integration into mainstream finance.