BlackRock’s Bitcoin ETF posts $356M inflows in longest 2025 streak

BlackRock’s spot Bitcoin ETF (IBIT) recorded $356.2 million in inflows on May 9, extending its consecutive inflow streak to 19 days-its longest this year.

This streak began on April 14 amid Bitcoin’s (CRYPTO:BTC) volatile trading between $83,152 and $103,000.

The inflows have coincided with Bitcoin reclaiming key price levels, surpassing $90,000 on April 23 and breaking $100,000 on May 8 for the first time since February.

Over the past week alone, IBIT attracted $1.03 billion in inflows, reflecting growing institutional interest despite market fluctuations.

Prior to this, IBIT’s longest inflow streak in 2025 was nine days around President Trump’s inauguration in January.

Since its launch in January 2024, IBIT has seen a 104-day inflow streak, coinciding with Bitcoin reaching an all-time high near $73,679 in March 2024.

IBIT’s net asset value now exceeds $64 billion, making it the largest Bitcoin ETF by assets.

“[IBIT is] taking in SO much more than the rest of them,” said Bloomberg analyst Eric Balchunas, noting the fund’s dominance, attributing this to hedge fund activity and a decoupling rally.

Goldman Sachs has increased its IBIT holdings by 28%, becoming the largest known international investor in the fund with $1.4 billion in shares.

IBIT has also surpassed the SPDR Gold Shares ETF (GLD) in year-to-date inflows, with $6.96 billion compared to GLD’s $6.5 billion, signaling a shift in investor preference toward crypto assets.

André Dragosch of Bitwise suggested that expanding institutional adoption, as evidenced by inflows like IBIT’s, could provide the structural support for Bitcoin to surpass gold’s market capitalisation and reach $1 million by 2029.

The sustained inflow streak and growing assets under management in BlackRock’s Bitcoin ETF highlight increasing institutional confidence in Bitcoin’s long-term potential amid a recovering market.

At the time of reporting, the Bitcoin (BTC) price was $103,986.