Date: 2025-05-07
Investors have been piling into BlackRock’s spot Bitcoin exchange-traded fund for over three weeks straight, culminating in the asset’s run up to $97,000 on May 7.The BlackRock iShares Bitcoin Trust has seen 16 days of inflows for the spot BTC ETF, with a further 280 Bitcoin (BTC) or around $36 million piling into the fund on May 6, according to HODL15Capital. The inflow streak was noted by ETF Store President Nate Geraci, who also observed on X that the fund was approaching $5 billion in new capital. “I remember when naysayers didn’t think spot Bitcoin ETFs would take in $5 billion in total last year,” he added. “IBIT alone has done this in a few weeks, more than a year after launch.”The BlackRock fund (IBIT) has seen around $4.7 billion ...
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