BlackRock’s Bitcoin ETF Sets New Records Amid Growing Institutional Demand
- IBIT is now the top-traded ETF with $45B in inflows.
- Bitcoin’s rise is fueled by both growth and hedge narratives.
- Experts predict $120K to $ 1 M+ price potential in the coming years.
Wall Street has officially caught Bitcoin fever. And at the center of the frenzy stands BlackRock’s iShares Bitcoin Trust (IBIT), which has now taken the crypto investment narrative to a whole new level.
On Thursday, as Bitcoin surged to an all-time high of $111,807, IBIT soared to the top of the exchange-traded fund (ETF) leaderboard. In a single day, it pulled in a staggering $877 million on May 22, surpassing all other ETFs on the market.
The trading volume on IBIT hit $5.2 billion, marking the second-highest day in its history. According to Bloomberg ETF analyst Eric Balchunas, this “classic feeding frenzy” shows no signs of cooling. Over the past five weeks alone, the fund has attracted over $8 billion, while lifetime inflows have ballooned to $45 billion.
“IBIT’s Pac-Man spree is now up to about $8 billion in five weeks,” Balchunas noted on X.
“It’s the first time BlackRock’s Bitcoin ETF hit the #1 spot for daily flows.”
Bitcoin’s Dual Narrative: Growth and Safety
The eruption in IBIT flows and Bitcoin prices is no longer market noise; it points toward a far greater institutional paradigm shift toward Bitcoin. No longer is it merely a speculative asset; now, increasingly, it is considered a technology investment with high growth and a safe-haven asset, just like gold.
This is a dual narrative by which Bitcoin is slowly uncoupling from traditional tech stocks to gain further attention from diversified portfolios. As uncertainty looms over monetary policy and geopolitical stability, Bitcoin is seen as a hedge against both inflation and economic turbulence.
“It’s this dual narrative nature that gives Bitcoin a higher floor,” said Noelle Acheson in her newsletter, Crypto is Macro Now.
“It diversifies the investor base and enhances appeal compared to ‘just’ risk assets or ‘just’ gold.”
Market Optimism Amid Volatility
Though dropping to $109,300 on Friday following the latest tariff threats by Donald Trump against the EU, Bitcoin continues to be a draw for investors. The overall sentiment is that of optimism, especially as Trump continues to welcome crypto by having allies in influential regulatory positions.
Predictions for Bitcoin’s trajectory remain sky-high. Analysts at Bernstein raised their 2025 price forecast to $200,000, while Moon Pursuit Capital expects a near-term target of $120,000 by June. Arthur Hayes, founder of Maelstrom, believes Bitcoin could soar past $1 million by 2028, if Trump secures a second term.
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BlackRock’s Bitcoin ETF Sets New Records Amid Growing Institutional Demand
- IBIT is now the top-traded ETF with $45B in inflows.
- Bitcoin’s rise is fueled by both growth and hedge narratives.
- Experts predict $120K to $ 1 M+ price potential in the coming years.
Wall Street has officially caught Bitcoin fever. And at the center of the frenzy stands BlackRock’s iShares Bitcoin Trust (IBIT), which has now taken the crypto investment narrative to a whole new level.
On Thursday, as Bitcoin surged to an all-time high of $111,807, IBIT soared to the top of the exchange-traded fund (ETF) leaderboard. In a single day, it pulled in a staggering $877 million on May 22, surpassing all other ETFs on the market.
The trading volume on IBIT hit $5.2 billion, marking the second-highest day in its history. According to Bloomberg ETF analyst Eric Balchunas, this “classic feeding frenzy” shows no signs of cooling. Over the past five weeks alone, the fund has attracted over $8 billion, while lifetime inflows have ballooned to $45 billion.
“IBIT’s Pac-Man spree is now up to about $8 billion in five weeks,” Balchunas noted on X.
“It’s the first time BlackRock’s Bitcoin ETF hit the #1 spot for daily flows.”
Bitcoin’s Dual Narrative: Growth and Safety
The eruption in IBIT flows and Bitcoin prices is no longer market noise; it points toward a far greater institutional paradigm shift toward Bitcoin. No longer is it merely a speculative asset; now, increasingly, it is considered a technology investment with high growth and a safe-haven asset, just like gold.
This is a dual narrative by which Bitcoin is slowly uncoupling from traditional tech stocks to gain further attention from diversified portfolios. As uncertainty looms over monetary policy and geopolitical stability, Bitcoin is seen as a hedge against both inflation and economic turbulence.
“It’s this dual narrative nature that gives Bitcoin a higher floor,” said Noelle Acheson in her newsletter, Crypto is Macro Now.
“It diversifies the investor base and enhances appeal compared to ‘just’ risk assets or ‘just’ gold.”
Market Optimism Amid Volatility
Though dropping to $109,300 on Friday following the latest tariff threats by Donald Trump against the EU, Bitcoin continues to be a draw for investors. The overall sentiment is that of optimism, especially as Trump continues to welcome crypto by having allies in influential regulatory positions.
Predictions for Bitcoin’s trajectory remain sky-high. Analysts at Bernstein raised their 2025 price forecast to $200,000, while Moon Pursuit Capital expects a near-term target of $120,000 by June. Arthur Hayes, founder of Maelstrom, believes Bitcoin could soar past $1 million by 2028, if Trump secures a second term.
Highlighted Crypto News Today:
Crypto Trader Charged in NYC After Tourist Held Captive in Manhattan
Read More
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