The top story this week was Bitcoin‘s all-time highs at $111,980. Next are the top stories in the global ETF space, in particular BlackRock’s iShares Bitcoin Trust (IBIT) which helped U.S. single-day inflows. The investors are increasingly optimistic about cryptocurrencies as an indication of wider institutional investment.
Bitcoin Sets New All-Time Highs
Bitcoin hit a record this week of $111,980. Analysts are saying prices are going to take off much higher, taking Bitcoin up to $600,000 by October 2025. Optimistic reasons are rising institutional demand and regulatory clarity, which are altering market fundamentals.
Over 1 million BTC are held by other corporations, and this represents over 5.4% of the supply of available Bitcoin. Such an accumulation classifies Bitcoin as a macro asset as it rests on corporate investment across sectors like healthcare and education.
BlackRock’s IBIT ETF Fuels Inflows
In a shocking reversal, BlackRock’s iShares Bitcoin Trust (IBIT) captured all U.S. ETF inflows for one day at an astonishing $877.18 million. IBIT trumped every other ETF, including the highly sought-after VOO fund, for the very first time. IBIT has seen $7.56 billion worth of inflows in the past month, an indication of strong institutional appetite for Bitcoin-backed securities.
Bloomberg senior ETF analyst Eric Balchunas commented on the record flows and termed them a side effect of recent Bitcoin expansion. Total cumulative net flows into U.S. spot Bitcoin ETFs up to now amount to approximately $44.5 billion. Such an investment strategy change reflects more desire for crypto assets over traditional assets, including gold.
Institutional Adoption on the Increase
Institutional Bitcoin and correlation asset adoption are more prevalent. Fourteen U.S. states owned MSTR shares of $632 million collectively, a testament to strategy towards indirect exposure to cryptocurrency. This is evidence that the majority of states view Bitcoin as a decent long-term investment asset.
Moreover, recent token price appreciation of Pi Network token also indicates the overall demand for cryptocurrencies. With a huge 86 million token withdrawal on OKX, Pi Coin saw its price appreciation by 11%. Exchange listing and market acceptance issues are still overriding, however.
With the rapid investment in Bitcoin ETFs and growing use of cryptocurrencies by traditional companies, the market is shifting very rapidly. Investors are advised to stay updated with these trends as they have the potential to influence future market trends.
