BlackRock’s Bitcoin ETF posts $356 million inflows, marking the longest streak of 2025

BlackRock's spot Bitcoin ETF (IBIT) saw inflows of $356.2 million on May 9, marking 19 consecutive days of inflows, its longest streak this year. The fund has been experiencing inflows since April 14, coinciding with a volatile Bitcoin market. Despite the volatility, Bitcoin has reclaimed and held above the $90,000 price and even reached $100,000 on May 8. Over the past trading week, IBIT posted $1.03 billion in inflows. The current streak is the longest since a nine-day stretch in January 2025. Since their launch in January 2024, approximately $41.13 billion has flowed into spot Bitcoin ETFs. IBIT's longest inflow streak since its launch lasted 104 days, coinciding with Bitcoin reaching a new all-time high. The ETF recently won the "Best New ETF" award at the annual etf.com ETF awards. Institutional investors continue to scoop up Bitcoin above $100,000, with some predicting that Bitcoin's market capitalization could surpass gold's by 2029, pushing its price beyond $1 million.