Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, BlackRock’s spot Bitcoin ETF posts 19-day inflow streak, Galaxy Digital gets US approval to redomicile ahead of a planned Nasdaq listing. German authorities seize $38M in assets tied to the Bybit hack.
BlackRock’s spot Bitcoin ETF (IBIT) capped off the trading week with another day of inflows, pulling in $356.2 million on May 9. The fund has now extended its inflow streak to 19 consecutive days — its longest run of inflows so far this year.
IBIT’s inflow streak has been ongoing since April 14, and has coincided with a volatile Bitcoin market, with the asset trading between $83,152 and $103,000 over the period. However, market sentiment has been increasing after the asset reclaimed and held above the $90,000 price on April 23 before reclaiming the $100,000 price on May 8 for the first time since Feb. 1.
