BlackRock's Bitcoin ETF Market Cap Surpasses $63 Billion as It Records 18th Consecutive Day of Inflows

The bitcoin ETF market is experiencing a spectacular resurgence of interest. In the spotlight: BlackRock's flagship product, IBIT.

The bitcoin ETF market is experiencing a spectacular resurgence of interest. In the spotlight: BlackRock’s flagship product, IBIT. It is indeed recording an unprecedented series of inflows. A dynamic that could well propel bitcoin to a new all-time high!

BlackRock’s Bitcoin ETF Surpasses $63 Billion in Assets

BlackRock’s (NYSE:BLK) IBIT exchange-traded fund continues its climb. It has just experienced its 18th consecutive day of inflows, with $69 million injected on Thursday, May 8, according to the latest estimates by analysts at Deutsche Bank.

This is a remarkable streak that highlights the growing appetite of institutional investors for crypto assets.

With capitalization now nearing $63 billion, IBIT crushes the competition. By comparison, Grayscale’s (CRYPTO:GBTC) (BTC) ETF continues its decline with $23 million in net outflows. The gap widens and confirms a massive shift toward financial products perceived as more efficient and better structured.

This steady flow reinforces BlackRock’s position as the leader in the bitcoin ETF market. It is also marks a strategic turning point in the adoption of cryptocurrencies by traditional asset management players.

A Domino Effect on Bitcoin Approaching Its Historical Peak

As IBIT accumulates inflows, bitcoin appears to directly benefit from this trend. On the Bitstamp cryptocurrency exchange, for example, the BTC price reached $63,376 on Friday. It is thus less than 5% away from its all-time high of $67,000, set last January.

This correlation between capital inflows into bitcoin ETFs and the rise in the spot market has intensified in recent weeks. Many analysts see it as a catalyst for the next bullish leg.

By leveraging both the credibility of major financial institutions and market liquidity, ETFs act as a bridge between the crypto ecosystem and traditional finance. And IBIT clearly appears as the dominant vector of this transformation.

The rise of BlackRock’s Bitcoin ETF is more than just a record of inflows. It is a strong signal for the entire market. At the dawn of a possible new peak, investors watch every move of exchange-traded funds to anticipate what comes next.

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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)