BlackRock's Bitcoin ETF Draws Record Inflows During May's Rally
BlackRock Inc. 's iShares Bitcoin Trust posted its largest-ever monthly inflow in May, as the original cryptocurrency climbed to a record while being touted by more proponents as an alternative store of value.
The fund has attracted more than $6.35 billion in net inflows during the month, according data compiled by Bloomberg — the most since its debut in January 2024. The surge lifted total assets under management to over $71 billion, underscoring growing institutional appetite for Bitcoin amid global market turbulence.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBS News
34 minutes ago
- CBS News
Seasonal businesses hoping to cash in on Summer-like temps
With temps in the 80s, Minnesotans didn't waste a second of Saturday's sunshine. Across the state lakes came alive with action. From packed lakes, to ringing registers many people were hungry for a beautiful weekend at Lake Harriet. "It feels like Summer when you come here," smiled John Starkey. The high temps brought out crowds in full force giving seasonal businesses like Bread & Pickle the boost they're looking for. Dave Robinson, who runs Bread & Pickle, rely on great weather to survive. Food was flying off the shelf, Saturday. A big win for seasonal businesses hoping to cash in as consumer confidence is on the rise. But, the weather isn't the only thing heating up, U.S consumer confidence is on the rise, after five months of decline. A CBS news poll shows Americans are a little more optimistic about the economy with 39% saying the economy is good. However, many people are worried about their personal finances, with 72% saying they feel concerned and another 65% saying they feel stressed a lot or sometimes. John Starkey says his family is still caution. "I'm afraid about spending money because of tariffs happening right now- gives me a lot of pause," Starkey said. While Kristen Mack says she hesitates mindlessly shopping on Amazon but doesn't hesitate when it comes to supporting local businesses because she sees it as an investment into her community. Despite the differences, they both agree seasonal businesses especially near a lake a win-win.
Yahoo
34 minutes ago
- Yahoo
Selena Gomez Congratulates Taylor Swift on Buying Back Her Masters: ‘So Proud'
Selena Gomez is celebrating her longtime friend Taylor Swift's latest victory. On Friday (May 30), the Rare Beauty founder showed her support for Swift after the pop superstar revealed she had officially purchased back the masters to her first six albums. More from Billboard Here's Why Fans Think Taylor Swift Just Teased Her Next Album After Buying Her Masters Robin Thicke and April Love Geary Marry After Six-Year Engagement Rihanna's Father, Ronald Fenty, Dies at 70: Report 'YES YOU DID THAT TAY!!!' Gomez wrote in all caps on her Instagram Story. 'SO proud!' Swift made the announcement earlier in the day by posting photos of herself with the covers of her first six albums on Instagram, directing fans to a heartfelt letter on her website. In the lengthy message, the 14-time Grammy winner reflected on the emotional journey of reclaiming her music. 'To say this is my greatest dream come true is actually being pretty reserved about it,' she wrote. 'To my fans, you know how important this has been to me — so much so that I meticulously re-recorded and released four of my albums, calling them Taylor's Version.' 'The passionate support you showed those albums and the success story you turned The Eras Tour into is why I was able to buy back my music,' the singer added. 'I can't thank you enough for helping to reunite me with this art that I have dedicated my life to, but have never owned until now.' Swift acquired the masters from private equity firm Shamrock Capital for somewhere around $360 million, sources tell Billboard. The sale comes six years after Scooter Braun's Ithaca Holdings purchased her catalog from Big Machine's Scott Borchetta in 2019, later selling his ownership of Swift's music to Shamrock in late 2020. Of the pop superstar's purchase, Braun tells Billboard, 'I am happy for her.' Gomez and Swift's friendship spans nearly two decades. The two first met in 2008 through the Jonas Brothers — Swift was dating Joe at the time, while Gomez was linked to Nick. Since then, they've remained close, consistently supporting each other through the many highs and lows of their personal lives and careers. Check out a full timeline of their longtime friendship here. Best of Billboard Chart Rewind: In 1989, New Kids on the Block Were 'Hangin' Tough' at No. 1 Janet Jackson's Biggest Billboard Hot 100 Hits H.E.R. & Chris Brown 'Come Through' to No. 1 on Adult R&B Airplay Chart
Yahoo
35 minutes ago
- Yahoo
Why the U.S. Economy Will Muddle Through Trump's Tariffs. Probably.
This is assuming the government doesn't find a way to make the situation worse, writes columnist James Mackintosh.
