- Bitcoin surpasses $100K, attracting file ETF inflows and institutional investor confidence.
- Sovereign wealth funds, particularly within the UAE, are more and more adopting Bitcoin as a reserve asset.
Bitcoin [BTC] has formally entered six-figure territory, now buying and selling at $103,558.88 after posting a 0.33% every day acquire and a 7.91% improve over the previous week, in line with CoinMarketCap.
This milestone marks greater than only a psychological victory, it indicators mounting institutional and sovereign curiosity within the asset.
BlackRock’s Bitcoin adoption
Notably, BlackRock’s spot Bitcoin ETF, IBIT, continued to attract vital capital, recording $356.2 million in inflows on the ninth of Could, per Farside Investors.
The fund has now notched 19 straight days of inflows, its longest streak this yr, reflecting rising confidence amongst large-scale traders as Bitcoin’s bullish momentum builds.
Apparently, BlackRock’s IBIT has been on a powerful 19-day influx streak for the reason that 14th of April, attracting over $1.03 billion in simply the previous buying and selling week.
This surge in institutional curiosity has coincided with a risky but upward-trending Bitcoin market, the place the asset fluctuated between $83,152 and $103,000.
A notable turning level occurred on the twenty third of April, when Bitcoin reclaimed the $90,000 stage, finally breaking previous $100,000 on the eighth of Could for the primary time for the reason that 1st of February.
The present influx streak has already doubled IBIT’s earlier 2025 file, a nine-day run round President Donald Trump’s inauguration in January, signaling stronger, extra sustained conviction amongst institutional gamers.
Including to this momentum, sovereign curiosity can be intensifying, with international entities more and more exploring Bitcoin’s potential as a strategic asset.
Nations are additionally flocking to Bitcoin
Moreover, Neoclassic Capital’s Michael Bucella not too long ago underscored this evolving dynamic, highlighting Bitcoin’s resilience and rising relevance in broader macro discussions.
In a latest conversation with CNBC, Bucella famous,
“The UAE, alongside many different nations, are shopping for Bitcoin as a reserve asset.”
This highlights how Bitcoin’s adoption narrative has gained outstanding momentum since Trump’s election victory.
With the asset now holding regular above the $100K mark, its mainstream integration feels extra tangible than ever.
Echoing comparable sentiments, Rifad Mahasneh, CEO of OKX MENA, additionally emphasized how sovereign wealth funds, significantly in areas just like the UAE, are accelerating their engagement with digital property.
He stated,
I believe the Center East area clearly is house to lots of the world’s main sovereign funds. Most have been taking a look at how might they enter this house in essentially the most regulated and risk-controlled method. I believe once they’re evaluating entry into the crypto house, every sovereign fund has its personal insurance policies and danger controls that they should monitor.”
Subsequently, as ETFs see historic inflows and nations discover strategic adoption, it’s clear that Bitcoin is not a fringe asset; it’s turning into a core pillar in international monetary conversations.
