BlackRock’s iShares Bitcoin Trust (IBIT) has been on a remarkable streak, registering inflows for 19 consecutive trading days since mid-April. On Friday alone, IBIT acquired 3,450 BTC, bringing its total holdings to 625,000 Bitcoin, valued at over $44.7 billion. The ETF’s inflows amounted to $356 million on Friday, underscoring the growing institutional interest in Bitcoin as the leading cryptocurrency eyes new all-time highs above $103K.
Quantum Computing Risks Highlighted in S-1 Amendment
In a recent filing, BlackRock submitted an S-1 amendment for its Bitcoin ETF, addressing the potential risks posed by quantum computing. Bloomberg ETF strategist James Seyffart emphasized that these risk disclosures are standard for all financial products, noting, “They are going to highlight any potential thing that can go wrong with any product they list or underlying asset that’s being invested in. It’s completely standard. And honestly makes complete sense.”
Bitcoin ETF Inflows Approach Critical Growth Level
Bitcoin ETF flows are approaching a crucial milestone that could potentially trigger substantial price appreciation. According to Ecoinometrics, the rolling 30-day inflows are currently just 10,000 BTC below the 60,000 BTC threshold—a level that has historically driven strong upward price momentum.
Bitcoin is trading above $100K again, and this time the move has real backing.
— ecoinometrics (@ecoinometrics) May 9, 2025
Institutional demand through ETFs is driving a steady accumulation trend. pic.twitter.com/5X9tgKSU1y
With BlackRock’s IBIT leading the inflows, Bitcoin’s price remains poised for a breakout, as accumulation by whale wallets holding between 1,000 and 10,000 BTC continues unabated.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
