Investors have been accumulating at the Bitcoin Bitcorock Bitcoin exchange fund for three weeks in a row, which culminated in the execution of the asset up to $ 97,000 on May 7.
The Blackrock Ishares Bitcoin Trust has seen 16 days of tickets for the BTC ETF spot, with another 280 bitcoin (BTC) or around $ 36 million in the background on May 6, according to capital HODL15.
The entrance streak was indicated by the president of the ETF store, Nate Geraci, who is also observed in X that the fund was approaching $ 5 billion in new capital.
“I remember that when the detractors did not believe that the Bitcoin Spot ETFs would take a total of $ 5 billion in total last year,” he added.
“Ibit has only done this in a few weeks, more than a year after launch.”
The Blackrock Fund (Ibit) has seen about $ 4.7 billion in tickets since its last departure on April 9.
In addition, it is the only BTC ETF point in the United States to publish tickets this week, with all other funds that make assets or seeing zero flows since May 1, according to Farside investors.
The last negotiation day of May 6 saw an aggregate exit of $ 86.4 million when the Groyscale GBTC threw almost $ 90 million, compensating Blackrock tickets.
It is a very good sign for the long term, commented the Bloomberg Etf Eric Balchunas analyst, adding that “inspires confidence in our call that BTC ETFS will have triple gold [ETF’s] AUM [assets under management] In 3 to 5 years. “
Related: The US Bitcoin ETFs bought 6x more than the BTC miners produced last week
In related news, Battleshares requested four ETF on May 6 aimed at facing Bitcoin against Ethereum and Gold with a mixture of long and short positions.
“A new ETF is going with a long Bitcoin and short ether,” said Balchunas about one of the ETF, who added: “The ticket should be Maxi.”
Bitcoin back in resistance
Bitcoin spot prices have returned to resistance, exceeding $ 97,500 letters cheating on the first operations on May 7.
The asset reviewed the price levels of May 2, but could not advance anymore, returning to $ 96,538 at the time of writing, Coingcko Chordination.
The daily gain of 2.2% may have been driven in part by New Hampshire becoming the first state of the United States to approve the strategic legislation of the Bitcoin Reserve on May 6.
“The chances of multiple states that approve the strategic legislation of the Bitcoins Reserve have just increased by a massive amount today,” said Satoshi Action Finder and CEO Dennis Porter.
Reports may also have been promoted by reports that the United States and China plan to hold high -level commercial conversations in Switzerland this weekend, cool to Washington Post.
“We will measure on Saturday and Sunday to discuss our shared interests,” wrote Treasury Secretary Scott Besent, in X. “Current rates and commercial barriers are unsustainable, but we don’t want to decoup down. What we are because fair trade,” he added.
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