On May 5, investors funneled $425.5 million into spot ETFs based on digital gold, with a total of $1.52 billion over the past three days.
On May 5, BlackRock’s IBIT made a significant contribution to the positive trend with $531.2 million.
IBIT’s Bitcoin position reached 614,639 BTC. Over the past two weeks, this figure increased by 41,452 BTC ($3.92 billion).
BlackRock(iShares Bitcoin Trust ETF) has bought 41,452 $BTC($3.92B) over the past 2 weeks, bringing its total holdings to 614,639 $BTC ($58.07B).https://t.co/kqNUqHAL3P pic.twitter.com/KDfMIAVlRJ
— Lookonchain (@lookonchain) May 6, 2025
Analysts at Lookonchain observed further activity — BlackRock purchased an additional 5,613 BTC (~$529.5 million). The financial giant now holds 620,252 BTC ($58.51 billion).
Since April 21, IBIT’s position has grown by a total of 47,064 BTC ($4.44 billion).
BlackRock bought another 5,613 $BTC($529.5M) and now holds 620,252 $BTC($58.51B).
BlackRock has bought a total of 47,064 $BTC($4.44B) since April 21.https://t.co/pRDoPUTxus pic.twitter.com/gtBs0TMVyg
— Lookonchain (@lookonchain) May 6, 2025
Daily purchase rates have surged to $500 million.
BLACKROCK BOUGHT $2.5 BILLION USD OF BITCOIN LAST WEEK
$500 MILLION DOLLARS EVERY DAY
HOW MUCH ARE THEY BUYING THIS WEEK? pic.twitter.com/y0B4VFnUsp
— Arkham (@arkham) May 5, 2025
Total inflows into products have increased to $40.66 billion. AUM reached $110.68 billion.
Earlier, CIO of Bitwise, Matt Hougan, predicted record inflows into Bitcoin ETFs.
As reported in Bernstein, institutional purchases are considered one of the five key factors for the continued growth of the leading cryptocurrency.