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Bitcoin ETFs recorded $422 million in inflows on May 1, with BlackRock’s IBIT dominating at $351 million. The surge follows a brief outflow, pushing cumulative net flows to $39.5 billion since launch. Bitcoin’s price rally continues to drive ETF demand.
- BlackRock’s IBIT dominates Bitcoin ETF inflows with $351 million, contributing to a total AUM of $58 billion.
- Total Bitcoin ETF AUM reaches $112 billion as Bitcoin’s price surge boosts market valuations.
- Grayscale’s GBTC records $16 million in net inflows, signaling a potential shift after prolonged outflows.
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