Bitcoin ETF Sets Record for Single-Day Inflows with BlackRock Product Attracting $877 Million

On May 24, as Bitcoin's price rebounded to a historic high, Bitcoin exchange-traded funds (ETFs) attracted over $2.5 billion in inflows this week. On Thursday, Bitcoin surpassed the $111,000 mark, driving a surge in related ETF inflows. Among them, BlackRock's Bitcoin ETF "IBIT" attracted $877 million in a single day, setting a record for the highest single-day inflow in ETF history. Bloomberg ETF analyst Eric Balchunas stated that the inflows were mainly stimulated by Bitcoin's new high. Bitcoin's recent rise benefited from the Trump administration's reduction of tariffs on Chinese goods (145%→30%), easing trade war tensions. However, on Friday, Bitcoin fell back to $108,000 due to Trump's threat to impose tariffs on the EU. Previously in April, Trump's tariff increase policy had triggered market panic, causing Bitcoin and the stock market to plummet simultaneously. But as some tariff policies were suspended, Bitcoin strengthened against the trend, demonstrating its anti-inflation properties. Bitwise Chief Investment Officer Matt Hougan stated that Bitcoin is becoming a macro hedge tool similar to gold, attracting investors to hedge fiat currency devaluation risks through ETFs.