Blackrock Bitcoin ETF (IBIT) place ended on the week of trading week with another day of flow, taking $ 356.2 million on May 9. The fund has now expanded its flow to 19 consecutive days -the longest running runs until this year.
The flow of Ibit's flow has continued since April 14th, and coincides with a Bitcoin (BTC) market change, with an asset trade between $ 83,152 and $ 103,000 over the time. However, the market sentiment is rising after being owned and held above the $ 90,000 price on April 23 before the $ 100,000 price on May 8 for the first time since February. 1.
Bitcoin ETFs point to bitcoin price spikes
In the past week of trade only, Ibit posted $ 1.03 billion in the flow, According to to the data away.
Prior to the current 19-day streak, the longest flow of Ibit in 2025 was a nine-day stretch surrounding the inauguration of President's President Donald Trump on January 20, covering from January 15 to January 28.
The longest flow of Ibit since the launch of the Bitcoin ETFS spot in January 2024 lasted 104 days, extending from the date of launch until April 23, 2024.
The stripes coincide with Bitcoin reaching a new all-time high of $ 73,679 in March before returning to the mid-$ 60,000 range.
Blackrock's Bitcoin ETF recently won a tribute
On April 23, the Blackrock Bitcoin ETF spot was named “best new ETF” in the annual awards of ETF.com etf. In an X post shortly after, Bloomberg ETF's analyst Eric Balchunas said “it feels right to me.”
Related: Institutional investors continue to have bitcoin up at the top of $ 100k
The European Bitwise research leader, André Draamotch, recently said of the expansion of the institutional adoption of Bitcoin may provide “structure” flowing necessary to overcome the gold market capitalization of the gold market and push its price beyond $ 1 million by 2029.
“Our in-house prediction is $ 1 million by 2029. So Bitcoin will match the Gold Market Cap and Total Addressable Market by 2029,” he told Cointelegraph during the chain reaction daily x Space Show on April 30th.
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