Investors have flocked to BlackRock's Bitcoin exchange-traded fund (ETF) for more than three weeks.
The BlackRock iShares Bitcoin Trust has experienced 16 consecutive days of inflows, as an additional 280 Bitcoin - about $36 million - were added on May 6, according to HODL15Capital.
ETF Store president Nate Geraci highlighted this trend on social media, noting that the fund is approaching $5 billion in new capital.
Since its last exit on April 9, BlackRock's fund (IBIT) has raised approximately $4.7 billion. It is also the only US spot BTC ETF to record inflows this week, while other funds have experienced outflows or no activity since May 1, according to Farside Investors.