BlackRock’s Bitcoin ETF posts $356M inflows, longest inflow streak in 2025
Summary
BlackRock’s spot Bitcoin ETF (IBIT) recorded inflows of $356.2 million on May 9, extending its inflow streak to 19 consecutive days, the longest this year. The streak began on April 14, coinciding with Bitcoin's price volatility, which ranged from $83,152 to $103,000. Market sentiment improved as Bitcoin held above $90,000 on April 23 and surpassed $100,000 on May 8. In the past week, IBIT attracted $1.03 billion in inflows. Previously, IBIT's longest inflow streak was nine days in January 2025. The ETF won the “Best New ETF” award at the etf.com ETF awards on April 23. Institutional adoption of Bitcoin may lead to its price exceeding $1 million by 2029, according to Bitwise’s André Dragosch.
