From Cointelegraph

May 9, 2025 9:46 AM:

Bitcoin surpassed $100,000 on May 8 with institutional investors increasing their stakes. ETF data showed $142.3 million in net inflows on May 7, demonstrating continued institutional interest. ARKB led with $54 million, followed by FBTC at $39 million and IBIT at $37 million. BlackRock acquired over 86 Bitcoin worth $8.4 million in one transaction. ETFs saw over $117 million in inflows on May 8, with IBIT leading at $69 million. The strengthening correlation between Bitcoin and tech stocks was noted, with Nasdaq’s positive movement supporting BTC growth. Institutional buying trend likely to continue unless macroeconomic or geopolitical shocks occur. GBTC outflows justified by high fees and market dynamics, influenced by various factors including political crises.

Read more at Cointelegraph: Institutional investors continue to scoop up Bitcoin above $100K