TechFlow, May 10 — According to Cointelegraph, BlackRock's spot Bitcoin ETF (IBIT) recorded net inflows for 19 consecutive days, marking the longest streak of inflows for the fund this year. On May 9, IBIT attracted $356.2 million in single-day inflows.
This streak began on April 14, during which Bitcoin's price fluctuated between $83,152 and $103,000. Market sentiment has steadily improved since Bitcoin regained and held above the $90,000 level on April 23, and it broke above $100,000 for the first time since February 1 on May 8.
Data from Farside shows that IBIT alone recorded $1.03 billion in inflows over just the past week. Since their launch in January 2024, spot Bitcoin ETFs have collectively attracted approximately $41.13 billion in inflows.
