{"id":128967,"date":"2025-05-10T07:15:40","date_gmt":"2025-05-10T07:15:40","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128967"},"modified":"2025-05-10T07:15:40","modified_gmt":"2025-05-10T07:15:40","slug":"blackrocks-bitcoin-etf-posts-356m-inflows-longest-inflow-streak-in-2025","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128967","title":{"rendered":"BlackRock\u2019s Bitcoin ETF posts $356M inflows, longest inflow streak in 2025"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBlackRock\u2019s spot Bitcoin ETF (IBIT) capped off the trading week with another day of inflows, pulling in $356.2 million on May 9. The fund has now extended its inflow streak to 19 consecutive days \u2014 its longest run of inflows so far this year.<br \/>\nIBIT\u2019s inflow streak has been ongoing since April 14, and has coincided with a volatile Bitcoin (BTC) market, with the asset trading between $83,152 and $103,000 over the period. However, market sentiment has been increasing after the asset reclaimed and held above the $90,000 price on April 23 before reclaiming the $100,000 price on May 8 for the first time since Feb. 1.<br \/>\nBitcoin ETFs ticking along as Bitcoin price spikes<br \/>\nOver the past trading week alone, IBIT posted $1.03 billion in inflows, according to Farside data.<br \/>\nPrior to the current 19-day streak, IBIT\u2019s longest inflow streak in 2025 was a nine-day stretch surrounding US President Donald Trump\u2019s inauguration on Jan. 20, spanning from Jan. 15 to Jan. 28.<br \/>\nApproximately $41.13 billion has flown into the spot Bitcoin ETFs since their launch in January 2024. Source: Farside IBIT\u2019s longest inflow streak since the spot Bitcoin ETFs launched in January 2024 lasted 104 days, stretching from the launch date through April 23, 2024.<br \/>\nThe streak coincided with Bitcoin reaching a new all-time high of $73,679 in March before pulling back into the mid-$60,000 range.<br \/>\nBlackRock\u2019s Bitcoin ETF recently won an award<br \/>\nOn April 23, BlackRock\u2019s spot Bitcoin ETF was named the \u201cBest New ETF\u201d at the annual etf.com ETF awards. In an X post shortly after, Bloomberg ETF analyst Eric Balchunas said it \u201cfeels right to me.\u201d<br \/>\nRelated: Institutional investors continue to scoop up Bitcoin above $100K<br \/>\nBitwise\u2019s head of European research, Andr\u00e9 Dragosch, recently said Bitcoin\u2019s expanding institutional adoption may provide the \u201cstructural\u201d inflows necessary to surpass gold\u2019s market capitalization and push its price beyond $1 million by 2029.<br \/>\n\u201cOur in-house prediction is $1 million by 2029. So that Bitcoin will match gold&#8217;s market cap and total addressable market by 2029,\u201d he told Cointelegraph during the Chain Reaction daily X spaces\u00a0show\u00a0on April 30.<br \/>\nMagazine: Adam Back says Bitcoin price cycle \u201910x bigger\u2019 but will still decisively break above $100K<a href=\"https:\/\/cointelegraph.com\/news\/blackrock-ibit-bitcoin-etf-inflow-streak-largest-2025?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBlackRock\u2019s spot Bitcoin ETF (IBIT) capped off the trading week with another day of inflows, pulling in $356.2 million on May 9. The fund has now extended its&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128967"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128967"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128967\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128967"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}