BlackRock‘s Bitcoin ETF Continues to Attract Institutional Capital
BlackRock‘s spot Bitcoin ETF (IBIT) continued its impressive run, attracting another $356.2 million in inflows on May 9. This marks the fund’s 19th consecutive day of inflows, establishing a new record for the longest inflow streak in 2025. This trend suggests continued institutional confidence in Bitcoin despite recent volatility in the market.
The sustained inflow streak began on April 14 and has coincided with Bitcoin‘s price fluctuating between $83,152 and $103,000. Notably, market sentiment has been trending upwards since Bitcoin reclaimed and held above the $90,000 price point on April 23, ultimately reaching a new high for the year above $100,000 on May 8.
Institutional Interest Fuels Bitcoin‘s Growth
Over the past week alone, IBIT has accumulated a staggering $1.03 billion in inflows, according to data from Farside. This highlights the significant appetite for Bitcoin within the institutional space. Prior to the current streak, IBIT‘s longest inflow run in 2025 was a nine-day stretch surrounding US President Donald Trump’s inauguration on January 20, spanning from January 15 to January 28.
Since their launch in January 2024, spot Bitcoin ETFs have attracted a total of approximately $41.13 billion in investments.
IBIT‘s longest inflow streak since its inception lasted 104 days, extending from the launch date through April 23, 2024. This period coincided with Bitcoin reaching a new all-time high of $73,679 in March, demonstrating the correlation between institutional investment and price increases.
Industry Recognition for BlackRock‘s Bitcoin ETF
BlackRock‘s spot Bitcoin ETF garnered recognition for its innovation, being awarded the “Best New ETF” at the annual etf.com ETF awards on April 23. This award signifies the ETF’s significant impact and widespread adoption within the financial industry. Bloomberg ETF analyst Eric Balchunas expressed his approval, stating in an X post, “It feels right to me.”
The growing institutional interest in Bitcoin is reflected in numerous predictions from prominent analysts and firms. Bitwise’s head of European research, André Dragosch, recently asserted that Bitcoin‘s expanding institutional adoption could lead to “structural” inflows, potentially surpassing gold’s market capitalization and propelling its price beyond $1 million by 2029. This optimistic outlook signals a strong belief in Bitcoin‘s long-term potential.
Despite the recent price volatility, BlackRock‘s Bitcoin ETF‘s sustained inflow streak and continued institutional investment suggest a strong underlying demand for Bitcoin. With continued adoption and institutional confidence, Bitcoin‘s trajectory remains optimistic, even amidst short-term price fluctuations.
