BlackRock’s Bitcoin ETF Extends Inflow Streak, Surpassing $356 Million
BlackRock’s iShares Bitcoin ETF (IBIT) concluded the week with impressive gains, attracting another $356.2 million in inflows on May 9th. This marks a remarkable 19-day inflow streak, the longest for IBIT in 2025 to date. This sustained investor confidence reflects a positive market sentiment, particularly given Bitcoin’s recent price surge above $100,000.
The inflow streak began on April 14th, coinciding with Bitcoin’s price fluctuation between $83,152 and $103,000. However, the market sentiment strengthened significantly after Bitcoin reclaimed and maintained its position above $90,000 on April 23rd and later surpassed $100,000 on May 8th for the first time since February 1st. This price recovery undoubtedly boosted investor confidence and contributed to the strong inflows into IBIT.
Strong Inflows into Bitcoin ETFs Amidst Bitcoin Price Rally
The past week alone saw IBIT accumulate a staggering $1.03 billion in inflows, according to data from Farside. This surge in investments highlights the growing institutional interest in Bitcoin and the appeal of Bitcoin ETFs as a regulated access point for investors.
Before this impressive 19-day run, IBIT’s longest inflow streak in 2025 was a nine-day period in January, around the US Presidential inauguration. This current run significantly surpasses previous performances, demonstrating a clear shift in investor behavior and confidence in the Bitcoin market.
Since the launch of spot Bitcoin ETFs in January 2024, IBIT’s longest inflow streak reached 104 days, extending from the launch until April 23, 2024. This period coincided with Bitcoin reaching a record high of $73,679 before retracting slightly.
BlackRock’s Award-Winning Bitcoin ETF
On April 23rd, BlackRock’s iShares Bitcoin ETF received the prestigious “Best New ETF” award at the annual etf.com ETF awards. This recognition further solidifies IBIT’s position in the market and adds to its appeal amongst investors.
Related: Institutional investors continue to scoop up Bitcoin above $100K
The ongoing institutional adoption of Bitcoin, as highlighted by analysts like André Dragosch, Head of European Research at Bitwise, points towards a potentially bright future for Bitcoin. Dragosch’s prediction of Bitcoin reaching $1 million by 2029, based on increasing institutional interest, further emphasizes the optimistic outlook for the cryptocurrency market.
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