BlackRock's Bitcoin ETF saw inflows of $356 million, setting the longest inflow record in 2025

BlackRock's spot Bitcoin ETF (IBIT) achieved inflows again in trading this week, attracting $356.2 million on May 9. The fund has now extended its inflow streak to 19 days, the longest inflow period so far this year.

The inflow momentum of IBIT has continued since April 14, coinciding with fluctuations in the Bitcoin (BTC) market, during which the asset's trading price ranged between $83,152 and $103,000. However, after the asset's price rebounded and remained above $90,000 on April 23, market sentiment improved, leading to a breakthrough above the $100,000 mark for the first time since February 1 on May 8.

As Bitcoin prices skyrocketed, Bitcoin ETFs also surged

Data from Farside shows that in just the past week of trading, IBIT's inflows reached $1.03 billion.

Before the current streak of 19 consecutive inflow days, IBIT's longest inflow period in 2025 was nine days surrounding U.S. President Donald Trump's inauguration on January 20, lasting from January 15 to January 28.

Since the launch of the spot Bitcoin ETF in January 2024, IBIT's longest inflow duration has been 104 days, continuing from its launch date until April 23, 2024.

Meanwhile, Bitcoin prices reached an all-time high of $73,679 in March before retreating to around $60,000.

BlackRock's Bitcoin ETF recently received an award

On April 23, BlackRock's spot Bitcoin ETF was awarded 'Best New ETF' at the etf.com Annual ETF Awards. Shortly thereafter, Bloomberg ETF analyst Eric Balchunas noted in a post on X, 'I think this ETF is good.'

Related: Institutional investors continue to buy Bitcoin priced above $100,000

Bitwise's Head of Research for Europe, André Dragosch, recently stated that the expanding institutional adoption of Bitcoin could provide the necessary 'structural' inflows to surpass gold's market capitalization and push its price above $1 million by 2029.