Bitcoin Spot ETFs See $212M Inflow, Extending 8-Day Streak of Gains

In Brief:

Bitcoin spot ETFs recorded $212 million in net inflows on May 23, 2025.

BlackRock’s IBIT led with $431 million in daily inflows; GBTC saw $89 million in outflows.

Bitcoin spot ETFs posted a net inflow of $212 million on May 23, marking the eighth consecutive day of positive flows, according to data from SoSoValue. This sustained streak signals continued institutional interest in Bitcoin amid steady market performance.

BlackRock’s iShares Bitcoin Trust (IBIT) dominated inflows with $431 million in a single day. IBIT now holds a cumulative net inflow of $48.99 billion, securing its position as the leading U.S. Bitcoin ETF by asset accumulation.

VanEck’s HODL ETF followed with $17.72 million in daily inflows. Its historical total now stands at $930 million, reflecting growing demand from long-term retail and institutional holders.

Meanwhile, Grayscale’s GBTC recorded the largest outflow of the day, losing $89.17 million. GBTC’s total net outflows have reached $23.08 billion as investors continue to migrate toward lower-fee competitors.

Overall, Bitcoin spot ETFs now manage a total net asset value of $131.39 billion. These products account for 6.11% of Bitcoin’s total market capitalization, with historical cumulative net inflows totaling $44.53 billion.

This ongoing inflow trend reinforces the narrative of increasing institutional confidence in Bitcoin, supported by broad market stability and continued ETF adoption.

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