IBIT ETF Explodes: Record $2.3B Inflows Signal Institutional Crypto Revolution
Wall Street's crypto embrace hits fever pitch as BlackRock's IBIT smashes all expectations.
The Floodgates Are Open
Institutional money poured $2.3 billion into IBIT this week—obliterating previous records and sending shockwaves through traditional finance corridors. Analysts scramble to revise projections while legacy banks watch their fee structures crumble.
Market Impact Immediate
Bitcoin surged 8% following the announcement, proving once again that Wall Street moves markets faster than any crypto-native development. The old guard's sudden enthusiasm for digital assets feels both inevitable and slightly hypocritical—after years of dismissing crypto as a 'fraud,' they now can't get enough of those sweet, sweet management fees.
The New Reality
Traditional finance finally admits what crypto enthusiasts knew all along: digital assets aren't going anywhere but up. The only question remaining—which legacy institution will be next to jump on the bandwagon they once mocked?
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According to TipRanks technical analysis, the IBIT remains at a Sell consensus based on 11 Bearish, 4 Neutral and 7 Bullish ratings.
Based on the activity of 823,495 investors in the recent quarter, it has scored above-sector-average positive sentiment. Those investors aged over 55 have been the most active.
Today’s Performance
Today the IBIT dropped 2.2% in mid-trading to $61.78. The main driver was the price of Bitcoin, which plunged 1.76% to $108,790.01 There is still a huge amount of investor caution over the state of the U.S. economy, particularly the impact of President Trump’s new tariffs strategy and the ongoing spat with China.
The price wasn’t helped by Tom Lee, the longtime analyst and chairman of the leading Digital Asset Treasury BitMine, that the crypto bubble might already have burst.
More appetizing news came from Burger restaurant chain Steak ‘n Shake, which launched the “Bitcoin Steakburger” today to celebrate five months of accepting BTC payments.
