BlackRock’s Bitcoin ETF Attracts $674.9M, Boosting U.S. Holdings
- BlackRock’s Bitcoin ETF draws $674.9M, reflecting rising market interest.
- U.S. Bitcoin ETF holdings now total $112 billion.
- Market and institutional sentiment point to continued growth.
BlackRock’s Bitcoin ETF saw a significant net inflow of $674.9 million on May 2, 2025, in the U.S.
This substantial inflow marks a notable trend in Bitcoin investment, elevating total U.S. holdings and influencing market dynamics.
BlackRock’s $674.9M ETF Inflow on May 2
BlackRock, led by CEO Larry Fink, recorded a $674.9 million net inflow into its Bitcoin ETF on May 2, 2025. The influx is part of a larger $4 billion inflow seen over 14 days. The company’s iShares Bitcoin Trust (IBIT) ETF significantly contributes to the U.S. market’s growing Bitcoin assets, totaling $112 billion in ETF holdings.
Bitcoin Surges to $96.5K Amid Positive Sentiment
The inflow is fueling a positive market sentiment, with Bitcoin trading at $96,510.60. Institutional interest remains strong, reflecting a robust demand for secure Bitcoin investment vehicles. Arthur Hayes, BitMEX cofounder, mentioned that while inflows continue, the U.S. government remains cautious on broader crypto regulation approvals.
“Bitcoin ETF surge inflows continue, but the US government remains stringent on broader crypto approvals.” – Arthur Hayes, Cofounder, BitMEX
Spot Bitcoin ETF Trends Indicate Continued Growth
Past occurrences of spot Bitcoin ETF inflows have led to upward price movements for Bitcoin. The pattern suggests sustained interest in stable institutional assets. With historical trends reinforcing this outcome, the NFT and broader crypto markets see uplift, indicating potential sustained price growth and market stability.
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