Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 101172
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13285
Cryptocurrencies
64.15%
Bitcoin Share
The Coin Rise 2025-05-07 14:10:57

BlackRock IBIT Nears $5B Inflows as BTC Briefly Touches $97.5K

BlackRock IBIT Nears $5B Inflows as BTC Briefly Touches $97.5K

Bitcoin investors have been pouring capital into BlackRock’s iShares Bitcoin Trust, IBIT, for over three consecutive weeks, underscoring renewed institutional enthusiasm as the flagship cryptocurrency flirts with record highs. On May 6 alone, the fund attracted 280 BTC — worth approximately $36 million — extending its inflow streak to 16 straight trading days, according to data from HODL15Capital. BlackRock Outshines Rivals with 16-Day Inflow Streak The surge in demand is helping drive momentum behind Bitcoin’s price, which climbed as high as $97,500 during early trading on May 7, though it later pulled back slightly to around $96,538, per CoinGecko. Nate Geraci, President of ETF Store, took to social media to reflect on the milestone: “I remember when naysayers didn’t think spot Bitcoin ETFs would take in $5 billion in total last year. IBIT alone has done this in a few weeks.” The fund, which launched in January, has now raked in approximately $4.7 billion in inflows since April 9, making it the only U.S.-listed spot BTC ETF to see net inflows this week. Competitors like Grayscale’s GBTC saw a sharp $90 million outflow on May 6, contributing to a total daily ETF net outflow of $86.4 million, according to Farside Investors. Analysts See Long-Term Potential in IBIT Bloomberg ETF analyst Eric Balchunas noted that sustained inflow performance by IBIT could signal longer-term trends in institutional crypto investing. “It inspires confidence in our call that BTC ETFs will have triple gold’s ETF assets under management in 3 to 5 years,” he commented. Meanwhile, ETF competition continues to heat up. On the same day, BattleShares filed for four new ETF products, each designed to pit Bitcoin’s performance against Ether and gold using combinations of long and short strategies. One such product aims to go long Bitcoin while shorting Ether — a strategy that Balchunas jokingly suggested should bear the ticker “MAXI.” Macro Factors and State Legislation Beyond ETF inflows, sentiment around Bitcoin also received a boost from U.S. state-level policy developments. On May 6, New Hampshire passed legislation supporting the creation of a strategic Bitcoin reserve — becoming the first U.S. state to do so. “The odds of multiple states passing Strategic Bitcoin Reserve legislation into law just went up by a massive amount today,” remarked Satoshi Action Fund CEO Dennis Porter. Further buoying market optimism were reports that the U.S. and China plan to engage in high-level trade discussions in Switzerland this weekend, potentially easing tensions that have long rattled global financial markets. Treasury Secretary Scott Bessent confirmed the meeting, emphasizing a desire for “fair trade” over economic decoupling. The post BlackRock IBIT Nears $5B Inflows as BTC Briefly Touches $97.5K appeared first on TheCoinrise.com .

Most Read News

Moralis Money
Market Cap
24h Vol
64.15%
Bitcoin Share
64
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.