The post IBIT acquires 5,613 BTC worth $530M in one day – Details and effects! appeared on BitcoinEthereumNews.com.

BlackRock’s IBIT logged 15 consecutive inflow days, signaling strong institutional Bitcoin demand At the time of writing, Bitcoin was still holding above $90k with bullish indicators BlackRock’s iShares Bitcoin Trust (IBIT) has reignited investor momentum with a powerful streak of 15 straight days of inflows. This has simply underscored renewed institutional confidence in Bitcoin [BTC]. BlackRock’s IBIT breaks record! On 5 May alone, the asset manager acquired 5,613 BTC, valued at approximately $530 million – Solidifying IBIT’s dominance in a week where most other ETFs saw flat or negative flows. With total inflows since inception now surpassing $44 billion, BlackRock’s aggressive accumulation reinforces its outsized influence on the broader crypto ETF landscape. It also means that institutional appetite for Bitcoin exposure remains strong. Remarking on the same, Bloomberg analyst Eric Balchunas took to X and noted,  “Deja vu in the weekly flows w/ $VOO and $IBIT in the top spots, just like last year when ‘beta with a side of bitcoin’ was the big theme. $IBIT now 8th in YTD flows (was out of Top 50 at one point) with +$6.4b. Been hoovering up btc like a madman ever since the decoupling.” In the thread, he further added,  “One interesting note also is $IBIT taking in SO much more then the rest of them (altho 10 of them have seen inflows). Usually there’s much more parity tho. Why is this? My theory, return of the HF basis trade and some big fish biting after the decoupling and subsequent rally.” Will this push Bitcoin’s price to $100k? Additionally, Bitcoin’s stability above the $90,000 threshold, even after a modest 0.42% dip in the last 24 hours, alluded to growing confidence in the asset’s long-term trajectory. This price level, once seen as highly ambitious, now might be a stepping stone towards the psychological…

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Filed under: News - @ May 7, 2025 10:27 am