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BlackRock's Bitcoin ETF Hits Record Streak with $356M Inflows
BlackRock’s Bitcoin ETF (IBIT) just had another strong day, adding $356 million on May 9. This marks 19 days in a row of gains—the longest streak of 2025 so far!
The streak began on April 14 and comes as Bitcoin’s price has been jumping around a lot, recently climbing back above $100,000 for the first time since February.
In just the past week, the ETF saw over $1 billion in new investments. Earlier this year, it had a 9-day streak around the time of President Trump’s inauguration, but this current run has beaten that.
Back in April, IBIT also won the award for “Best New ETF.” Experts say big money is flowing in and could push Bitcoin even higher—maybe even to $1 million by 2029 if trends continue and sovereign wealth funds?