BlackRock's Bitcoin ETF Maintains Strong Momentum with Nine-Day Inflow Streak
BlackRock's Bitcoin ETF Maintains Strong Momentum with Nine-Day Inflow Streak
馃彟 BlackRock's Unstoppable Bitcoin Streak
BlackRock's iShares Bitcoin Trust (IBIT) continues to demonstrate robust market performance with capital inflows extending for nine consecutive days. The fund has expanded its Bitcoin holdings to $1.6 billion, building on its impressive track record since launching in January 2024.
Key points:
- Nine straight days of positive capital inflows
- Current BTC holdings worth $1.6 billion
- Part of broader ETF market strength, with recent daily net inflows of $381.89M
- Total inflows since launch reached $15B
This sustained growth indicates steady institutional adoption of Bitcoin through regulated investment vehicles.
US spot Bitcoin ETFs saw a net inflow of $381.89 million yesterday
BlackRock IBIT has seen capital inflows for nine consecutive days and has increased its holdings of BTC worth $1.6 billion.
Trump Administration Signals Major Bitcoin Strategy Shift
The Trump administration's Crypto Commission has revealed that nations are actively competing in Bitcoin accumulation, drawing parallels to the historic space race. Key developments: - US government now officially views Bitcoin as digital gold - Plans for large-scale Bitcoin acquisition without taxpayer burden - Strategic focus on budget-neutral accumulation strategies The administration's stance, confirmed by Bo Hines, marks a significant shift in US crypto policy. Real estate adoption is accelerating, with Propy leading blockchain-based property transactions. *This represents a pivotal moment in government cryptocurrency adoption*
Coinbase Launches Bitcoin Income Fund for Institutional Investors
Coinbase, the world's third-largest crypto exchange by volume, is set to launch the Coinbase Bitcoin Yield Fund on May 1. The new investment vehicle will specifically target institutional investors outside the United States, marking a significant expansion in Coinbase's institutional offerings. The fund aims to provide Bitcoin exposure through a structured investment product, though specific return targets have not been publicly disclosed. - Launch Date: May 1, 2025 - Target Market: Non-US institutional investors - Product Type: Bitcoin yield-generating fund - Provider: Coinbase Institutional This development represents a growing trend of traditional finance products entering the cryptocurrency space.
SEC Commissioner Compares Crypto Regulation to Playing The Floor is Lava in the Dark
SEC Commissioner Caroline Crenshaw highlighted the challenges in cryptocurrency regulation using a striking metaphor. She compared the current regulatory landscape to playing The Floor is Lava in complete darkness. - Earlier statements from Crenshaw revealed her reluctance to approve bitcoin ETPs due to widespread market fraud - The Commissioner emphasizes the need to turn on the lights, suggesting a push for greater transparency and clearer regulatory frameworks in the crypto space This follows ongoing discussions about the SEC's approach to cryptocurrency oversight and regulation in the United States.
Banks Now Free to Support Bitcoin According to Michael Saylor
In a significant development for cryptocurrency adoption, US banks have received regulatory clearance to support Bitcoin services. This marks a pivotal shift in the traditional banking sector's relationship with digital assets. - Banks can now officially hold and custody Bitcoin - Regulatory framework provides clear guidelines for financial institutions - Opens new possibilities for mainstream crypto integration This follows earlier announcements in January 2025 about US banks' ability to engage with Bitcoin, suggesting a broader trend of institutional acceptance in the financial sector. *Want to learn more about bank integration with Bitcoin? Visit [our detailed guide]()*