BlackRock’s iShares Bitcoin ETF Posts 18-Day Inflow Streak, Surpasses Gold ETF With Nearly $5 Billion

By: defi news|2025/05/09 11:30:03
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BlackRock's iShares Bitcoin Trust ETF (IBIT) has recorded 18 consecutive days of inflows, accumulating nearly $5 billion in new investments since its launch over a year ago. This inflow streak places IBIT among the top 10 ETFs by inflows in 2025, surpassing the SPDR Gold Trust (GLD), which has seen $6.5 billion in inflows year-to-date. Despite the overall positive trend in Bitcoin ETFs, May 6 saw a net outflow of $85.7 million from Bitcoin ETFs and $17.9 million from Ethereum ETFs. On May 7, Bitcoin spot ETFs experienced a net inflow of $142 million, while Ethereum spot ETFs registered a net outflow of $21.77 million. Institutional activity remains notable, with some Ethereum withdrawals reported from exchanges like Binance and Kraken. Other Bitcoin ETFs such as Ark and Bitwise also reported inflows, with Ark seeing $54.7 million and Bitwise $10.5 million. Fidelity's Bitcoin ETF showed inflows of $39.9 million on May 7 and $35.3 million on May 8, while BlackRock's Bitcoin ETF posted inflows of $36.7 million and $37.2 million on May 6 and 7, respectively. Ethereum ETFs have generally experienced outflows during this period, including a $21.8 million outflow from BlackRock's Ethereum ETF on May 7. Overall, Bitcoin ETFs have attracted more investor capital than Ethereum ETFs recently, highlighting a preference for Bitcoin among institutional investors.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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