The momentum is undeniable. For over three consecutive weeks, BlackRock’s iShares Bitcoin Trust (IBIT) has been dominating the ETF landscape, pulling in relentless inflows that have not only strengthened Bitcoin’s price action but are reshaping the institutional investment narrative.
On May 6 alone, IBIT absorbed an additional 280 BTC — roughly $36 million in fresh capital — pushing Bitcoin to a remarkable $97,000 on May 7. With 16 straight days of inflows, BlackRock’s spot Bitcoin ETF has now amassed an eye-watering $4.7 billion since April 9, closing in fast on the $5 billion milestone that ETF Store President Nate Geraci highlighted as a major psychological and market marker.
What’s particularly striking? While other U.S. spot Bitcoin ETFs have been stagnant or even bleeding assets since May 1, BlackRock’s IBIT is the only fund standing tall, actively attracting capital. This divergence signals a clear institutional preference and suggests that BlackRock’s product is rapidly becoming the gold standard among spot Bitcoin offerings.
From an analytical standpoint, this surge in inflows is more than just a short-term pump — it signals a long-term shift in capital flows. If current momentum continues, it is highly plausible that Bitcoin ETFs will eclipse gold ETFs in assets under management within the next 3 to 5 years — a monumental achievement that would firmly cement Bitcoin’s role as a legitimate, institutional-grade asset class.
For investors, traders, and crypto enthusiasts alike, this is not just another data point — it’s a watershed moment. We are witnessing the convergence of traditional finance (TradFi) and crypto at an unprecedented scale, and BlackRock is leading the charge. The implications for Bitcoin’s liquidity, price discovery, and global market integration cannot be overstated.
Stay sharp. The crypto revolution isn’t just coming — it’s here. $ETH