BlackRock Bitcoin ETF clocks 16 days of inflow as BTC reclaims $97K

Investors have been piling into BlackRock’s spot Bitcoin exchange-traded fund for over three weeks straight, culminating in the asset’s run up to $97,000 on May 7. The BlackRock iShares Bitcoin Trust has seen 16 days of inflows for the spot BTC ETF, with a further 280 Bitcoin (BTC) or around $36 million piling into the fund on May 6, according to HODL15Capital.   The inflow streak was noted by ETF Store President Nate Geraci, who also observed on X that the fund was approaching $5 billion in new capital.  “I remember when naysayers didn’t think spot Bitcoin ETFs would take in $5 billion in total last year,” he added source: https://cointelegraph.com/news/blackrock-bitcoin-etf-sees-16-day-inflow-streak-btc-reclaims-97k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound