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BlackRock\u2019s (BLK<\/a>) iShares Bitcoin Trust (IBIT<\/a>) continued dominating, with net inflows of $2,432 million in the week and $5,330 million in May. Meanwhile, Fidelity Wise Origin Bitcoin Fund (FBTC<\/a>) had net inflows of just $179.6 million in May after weekly inflows of $209.9 million.<\/p>\n ETF Store President Nate Geraci remarked on IBIT\u2019s dominance, stating:<\/p>\n \u201ciShares Bitcoin ETF now w\/ inflows 28 of past 29 trading days\u2026 Nearly $8.5bil in new $$$. $10.7bil inflows this year, which is top 5 out of 4,200+ ETFs. IBIT also now over $70bil in total assets. Top 25 out of all ETFs. Just ridiculous numbers in 16 months since launch.\u201d<\/p>\n<\/blockquote>\n This month, BlackRock became the second largest BTC holder, with the potential to flip Satoshi Nakamoto for the #1 spot. As of May 19, BlackRock had 636,108 BTC compared with Satoshi\u2019s 1,123,500.<\/p>\n Expectations of longer-term capital entering the ETF space from sovereign wealth funds, teacher pension funds, or insurance companies could send BlackRock to first place sooner rather than later.<\/p>\n BTC\u2019s near-term trends hinge on several key macro and market drivers:<\/p>\n<\/div>\n [ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":" [ad_1] BlackRock\u2019s Rising Influence BlackRock\u2019s (BLK) iShares Bitcoin Trust (IBIT) continued dominating, with net inflows of $2,432 million in the week and $5,330 million in May. Meanwhile, Fidelity Wise Origin Bitcoin Fund (FBTC) had net inflows of just $179.6 million in May after weekly inflows of $209.9 million. ETF Store President Nate Geraci remarked on IBIT\u2019s dominance, stating: \u201ciShares Bitcoin ETF now w\/ inflows 28 of past 29 trading days\u2026 Nearly $8.5bil in new $$$. $10.7bil inflows this year, which is top 5 out of 4,200+ ETFs. IBIT also now over $70bil in total assets. Top 25 out of all ETFs. Just ridiculous numbers in 16 months since launch.\u201d This month, BlackRock became the second largest BTC holder, with the potential to flip Satoshi Nakamoto for the #1 spot. As of May 19, BlackRock had 636,108 BTC compared with Satoshi\u2019s 1,123,500. Expectations of longer-term capital entering the ETF space from sovereign wealth funds, teacher pension funds, or insurance companies could send BlackRock to first place sooner rather than later. BTC Price Outlook: Key Drivers BTC\u2019s near-term trends hinge on several key macro and market drivers: [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":46931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-46930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n
BTC Price Outlook: Key Drivers<\/h2>\n