BlackRock’s Bitcoin ETF posts $356M inflows, longest inflow streak in 2025
From Cointelegraph
May 10, 2025 02:58:00 am:
BlackRock’s Bitcoin ETF, IBIT, saw $356.2 million in inflows on May 9, extending its streak to 19 days. Bitcoin’s price ranged between $83,152 and $103,000 during this period. Approximately $1.03 billion flowed into IBIT in the past trading week alone. Since launching in 2024, spot Bitcoin ETFs have seen $41.13 billion in inflows.
IBIT’s longest inflow streak was 104 days starting from the ETF launch date in January 2024, coinciding with Bitcoin’s all-time high of $73,679. BlackRock’s Bitcoin ETF won the “Best New ETF” award. Bitwise’s head of European research predicts Bitcoin could surpass gold’s market cap and reach $1 million by 2029 due to increasing institutional adoption.
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