BlackRock’s Bitcoin ETF Makes Record-Breaking Inflow Series

Ahmet Bedirhan Arvas — Sat, 10 May 2025 17:06:14 +0000

The iShares Bitcoin Trust (IBIT), the spot Bitcoin ETF of BlackRock, one of the world’s largest asset managers, has achieved a success that will mark the year 2025. On May 9, the fund recorded a net inflow of exactly $356.2 million, ending the trading week on a strong note. With this inflow, IBIT reached a series of uninterrupted capital inflows lasting 19 consecutive days, making it the longest inflow period so far this year.

19-Day Inflow Series

This uninterrupted inflow series that started on April 14 reveals that investors’ interest in the fund has not diminished despite the volatile Bitcoin market. During this period, where inflows continued, Bitcoin exhibited a fluctuating chart between $83,000 and $103,000. In particular, the fact that the BTC price exceeded $100,000 on May 8 and tested this level for the first time since the beginning of February created a positive atmosphere in the markets.

According to financial data provider Farside, IBIT recorded net inflows of $1.03 billion in the last trading week alone. This shows that institutional investors’ interest in Bitcoin continues steadily, not just on exceptional days. The fact that spot Bitcoin ETFs have become more attractive to long-term investors plays an important role in the increase in money flowing into such funds.

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Previous Longest Inflow Streak in 2025

IBIT’s 19-day streak also surpasses the previous longest inflow streak in 2025. The previous record was a nine-day period between January 15 and January 28 — during Donald Trump’s inauguration.

IBIT’s longest inflow streak in history began in January 2024, when the ETF launched, and spanned a 104-day period of steady inflows that lasted until April 23, 2024. That period included March 2024, when Bitcoin reached its peak of $73,679, and ended with a correction that followed.

BlackRock ETF Wins Industry Award: “Best New ETF”

BlackRock’s IBIT ETF is being rewarded not only with investor interest but also industry recognition. On April 23, it won the “Best New ETF” award at the etf.com Annual ETF Awards, one of the most prestigious awards in the ETF industry. Bloomberg ETF analyst Eric Balchunas also praised this achievement.

According to the statements of André Dragosch, Head of European Research at Bitwise, increasing institutional inflows through Bitcoin ETFs provide the structural capital flow needed for Bitcoin to catch up with the market value of gold. Dragosch stated that their in-house models predict that Bitcoin’s price could exceed $1 million by 2029, he told Cointelegraph.

All this data indicates not only the immediate market excitement, but also that institutional adoption points to a structural transformation. The proliferation of Bitcoin ETFs plays an important role in the integration of crypto assets into the traditional financial system. The steady inflow trend shown by large funds such as IBIT strengthens Bitcoin’s position in the financial world day by day.

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The post BlackRock’s Bitcoin ETF Makes Record-Breaking Inflow Series appeared first on Coin Engineer.

Could BlacRock Be the First SEC-Approved ETF Owner?

admin — Mon, 18 Dec 2023 10:38:43 +0000

Could BlackRock Own an SEC-Approved ETF? BlackRock is reviewing its spot Bitcoin exchange-traded fund (ETF) application to facilitate the participation of Wall Street banks. This will be done by creating new shares not with cash, but only with crypto for the fund. The new form of redemption “prepayment” model, will allow banks like JPMorgan or Goldman Sachs to act as authorized participants for the fund and overcome restrictions that prevent them from holding Bitcoin or crypto directly in their balance sheets.

Six BlackRock members and three Nasdaq representatives, presented the new model at a meeting with the US Securities and Exchange Commission (SEC) on November 28. If approved, this move could be a game changer for Wall Street banks that want to get involved with their trillion-dollar balance sheets, as many strictly regulated banks can’t hold Bitcoin themselves.

According to the revised model, Authorized Participants (APs) will transfer cash to a broker, the broker will convert it to Bitcoin and then store it with the ETF’s custodian (Coinbase Custody in the case of BlackRock). The new structure also works by moving risk away from APs and into the hands of market makers.

BlackRock said the new model also offers “superior resistance to market manipulation,” one of the main reasons the SEC has repeatedly rejected all previous spot Bitcoin ETF applications.

In addition, BlackRock claimed that the new ETF structure would enhance investor protection, reduce transaction costs, and increase “simplicity and compliance” in the broader Bitcoin ETF ecosystem.

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BlackRock meets with the SEC for the third time

According to the SEC file, BlackRock had its third meeting with the SEC under the leadership of Gary Gensler on December 11.

BlackRock and Nasdaq’s second meeting with the SEC on November 28, after the first meeting held with the securities regulator on November 20, was a continuation of the meeting where it presented the original in-kind redemption model.

The SEC must decide on BlackRock’s application by January 15, with the final deadline set for March 15. Meanwhile, ETF analysts predict the SEC will make a decision on several pending spot Bitcoin ETF applications around January 5-10. Grayscale, Bitwise, VanEck, WisdomTree, Invesco Galaxy, Fidelity, and Hashdex are among the other financial firms awaiting a decision from the SEC during these dates.

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