BlackRock’s Bitcoin ETF Booms, Reaches New All-Time High as Inflows Surge

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has experienced a surge in investor interest, culminating in the asset reaching an all-time high of $97,000 on May 7. Over the past three weeks, investors have actively poured capital into the ETF, with recent inflows exceeding $36 million according to HODL15Capital. The influx marks 16 consecutive days of inflows for this fund, a significant milestone in the history of Bitcoin ETFs in the U.S.