UAE embraces Bitcoin, IBIT attracts $1B: A global BTC shift unfolding?
- Bitcoin surpasses $100K, attracting report 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% each day acquire and a 7.91% improve over the previous week, in keeping 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 Might, per Farside Investors.
The fund has now notched 19 straight days of inflows, its longest streak this 12 months, reflecting rising confidence amongst large-scale buyers as Bitcoin’s bullish momentum builds.
Curiously, BlackRock’s IBIT has been on a powerful 19-day influx streak because the 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 unstable 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, ultimately breaking previous $100,000 on the eighth of Might for the primary time because the 1st of February.
The present influx streak has already doubled IBIT’s earlier 2025 report, 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 also 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 lately 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 exceptional 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, notably 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 how may they enter this house in essentially the most regulated and risk-controlled method. I believe after they’re evaluating entry into the crypto house, every sovereign fund has its personal insurance policies and danger controls that they should monitor.”
Due to this fact, as ETFs see historic inflows and nations discover strategic adoption, it’s clear that Bitcoin is now not a fringe asset; it’s changing into a core pillar in international monetary conversations.
