Spot Bitcoin ETF (IBIT) was crowned from Blackrock from the Trading Week with another day of flows, where he recorded $ 356.2 million on May 9. The fund has now presented a series of flow to 19 consecutive days – the longest period of flow so far this year.
The IBIT flow chain continued since April 14, coincided with the volatile Bitcoin (BTC) market, with assets circulation between $ 83152 and $ 103,000 during this period. However, the market morale increased after the assets recovery and kept more than $ 90,000 on April 23 before recovering the price of $ 100,000 on May 8 for the first time since February 1.
Bitcoin’s investment funds are heading along the bitcoin price screws
During the last trading week, IBIT recorded $ 1.03 billion in flows, According to To Farside data.
Before the current 19 -day series, it was the longest series of flows in 2025, which extends for nine days surrounding the inauguration of US President Donald Trump on January 20, and extends from January 15 to January 28.
The longest series of flows have lasted in IBIT since the Bitcoin’s investment funds were launched in January 2024 for a period of 104 days, extending from the date of the launch until April 23, 2024.
This series coincided with Bitcoin reaching the highest new level of $ 73,679 in March before returning to the mid -$ 60,000 range.
Blackrock’s Bitcoin ETF company recently won
On April 23, Spot Bitcoin ETF was named from Blackrock called “New ETF” in the annual ETF.com ETF Awards. In the X publication shortly after, an ETF Balchunas analyst said it was “feeling for me.”
Related to: Founding investors continue to obtain Bitcoin above $ 100,000
André Dragosh, head of BitWise Research, Andre Dragush, said that Bitcoin’s institutional accreditation may provide the “structural” flows needed to exceed the market value of gold and pay its price to more than one million dollars by 2029.
“Our internal prediction is one million dollars by 2029. Bitcoin coincides with the maximum gold market and a total treatment market by 2029.” Display On April 30.
magazine: Adam Pak says that the Bitcoin price cycle is “10x”, but it will continue to exceed $ 100,000 decisively
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