BlackRock’s Bitcoin ETF Records 19-Day Inflow Streak, Reaches New Record High

BlackRock’s Bitcoin ETF (IBIT) has experienced a remarkable inflow streak, pulling in an impressive $356.2 million on May 9th marking the longest stretch of inflows this year so far. This brings the total inflows to over $1.03 billion over the past week alone according to Farside data. The sustained inflows have coincided with market volatility, but positive sentiment surrounding Bitcoin has been rising, driven by its recent reclaim and hold above key price milestones like $90,000 and $100,000.