Bitcoin ETF Boom: BlackRock Rakes $356M

BlackRock's Bitcoin ETF sees a continued inflow, drawing $356.2M on May 9. This marks a 19-day streak of inflows, reflecting confidence in Bitcoin despite market volatility. Bitcoin prices have fluctuated between $83,152 and $103,000. BlackRock's ETF, launched in January 2024, is a major vehicle for institutional Bitcoin investments. A veteran of the ETF space, @EricBalchunas praised BlackRock's fund, highlighting its recent award as "Best New ETF." This growing institutional interest might just herald Bitcoin's rise to match gold's market cap by 2029.