BlackRock's IBIT surpasses USD $10 billion in inflows amid a 30-day streak
BlackRock's Bitcoin exposure ETF broke the USD $10 billion inflows mark this year amid a 30-day positive streak.
BlackRock's Bitcoin ETF achieves a new milestone.
It has accumulated over USD $10 billion in net inflows so far this year.
Bitcoin ETFs marked their 5th positive week as BTC reached a new ATH.
The spot Bitcoin exchange-traded fund (ETF) managed by the asset management giant BlackRock extended its positive streak last week amid a new historical price momentum.
Last week, the 12 spot Bitcoin ETFs in the U.S. closed with an inflow of USD $2.7 billion, marking the fifth consecutive positive week and the third largest flow in history for a 5-day period.
It was also a standout week in terms of trading volume, as the funds saw USD $25 billion change hands last week, according to data from SoSoValue, making it the highest volume week since December 2024.
The elevated weekly figures coincided with a bullish action in the cryptocurrency market that saw Bitcoin conquer a new all-time high level never before seen on the charts, very close to USD $112,000. On Thursday, Bitcoin secured an all-time high (ATH) price of USD $111,970 amid a 16% increase for the month, according to data from CoinMarketCap.
While this was happening, BlackRock's IBIT, the leading Bitcoin ETF in the market, continued to attract large capital inflows from investors, ensuring a streak of over 30 days of trading without net outflows.
SoSoValue data shows that IBIT observed its last net capital outflow on April 8 for USD $897 million, and since then has not recorded negative flows, although it has had a couple of neutral days.
