BlackRock’s spot Bitcoin ETF, known as IBIT, has made headlines recently as it completes a remarkable inflow streak, culminating in an impressive $356.2 million influx on May 9. This streak, now encompassing 19 consecutive days, marks its longest run of inflows in 2025.
Since April 14, IBIT has benefitted from the dynamic market surrounding Bitcoin (BTC), which fluctuated between $83,152 and $103,000 during this period. Positive market sentiment surged as Bitcoin successfully regained and held a value above $90,000 on April 23, and further reclaimed the $100,000 mark on May 8 for the first time since February 1.
Bitcoin ETFs Gain Traction Amid Price Surge
In the last trading week, IBIT recorded over $1.03 billion in total inflows, as highlighted by Farside data. This substantial inflow underscores the growing institutional interest in Bitcoin, particularly as the asset price spiked.
Prior to this impressive streak, IBIT’s longest inflow stretch was a nine-day sequence that surrounded former US President Donald Trump’s inauguration back in January. However, this new 19-day streak not only sets a new record for 2025 but also showcases a surge in investor confidence in Bitcoin ETFs.
The ETF’s initial inflow streak, which lasted an impressive 104 days from its launch in January until April 23, coincided with Bitcoin’s ascent to an all-time high of $73,679 in March.
Acknowledgment and Future Predictions
On April 23, BlackRock’s spot Bitcoin ETF was distinguished as the “Best New ETF” at the annual etf.com ETF awards. Eric Balchunas, Bloomberg’s ETF analyst, praised the recognition, aligning with the influx of interest from investors.
Amidst this growing enthusiasm, institutional investors appear to be betting on Bitcoin’s potential. Bitwise’s head of European research, André Dragosch, shared insights on Bitcoin’s evolving role as a competitor to gold’s market capitalization, forecasting a potential price surpassing $1 million by 2029.
In a recent discussion, Dragosch expressed confidence in Bitcoin’s ability to achieve this milestone, suggesting that increasing institutional adoption may provide necessary structural inflows to elevate Bitcoin’s position in the market.
Related: Institutional Investors Continue to Scoop Up Bitcoin Above $100K
Amidst exceptional market movements and institutional recognition, BlackRock’s Bitcoin ETF stands at the forefront of cryptocurrency investment, marking a noteworthy chapter in the evolving landscape of digital assets.
