{"id":91565,"date":"2025-05-11T02:12:08","date_gmt":"2025-05-11T02:12:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/91565\/"},"modified":"2025-05-11T02:12:08","modified_gmt":"2025-05-11T02:12:08","slug":"uae-embraces-bitcoin-ibit-attracts-1b-a-global-btc-shift-unfolding","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/91565\/","title":{"rendered":"UAE embraces Bitcoin, IBIT attracts $1B: A global BTC shift unfolding?"},"content":{"rendered":"<ul>\n<li>Bitcoin surpasses $100K, attracting record ETF inflows and institutional investor confidence.<\/li>\n<li>Sovereign wealth funds, especially in the UAE, are increasingly adopting Bitcoin as a reserve asset.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a> has officially entered six-figure territory, now trading at $103,558.88 after posting a 0.33% daily gain and a 7.91% increase over the past week, according to <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">CoinMarketCap<\/a>. <\/p>\n<p>This milestone marks more than just a psychological victory, it signals mounting institutional and sovereign interest in the asset.<\/p>\n<p>BlackRock\u2019s Bitcoin adoption<\/p>\n<p> Notably, BlackRock\u2019s spot Bitcoin ETF, IBIT, continued to draw significant capital, recording $356.2 million in inflows on the 9th of May, per <a href=\"https:\/\/farside.co.uk\/bitcoin-etf-flow-all-data\/\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">Farside Investors<\/a>. <\/p>\n<p>The fund has now notched 19 straight days of inflows, its longest streak this year, reflecting growing confidence among large-scale investors as Bitcoin\u2019s bullish momentum builds.<\/p>\n<p>Interestingly, BlackRock\u2019s IBIT has been on an impressive 19-day inflow streak since the 14th of April, attracting over $1.03 billion in just the past trading week.\u00a0<\/p>\n<p>This surge in institutional interest has coincided with a volatile yet upward-trending Bitcoin market, where the asset fluctuated between $83,152 and $103,000. <\/p>\n<p>A notable turning point occurred on the 23rd of April, when Bitcoin reclaimed the $90,000 level, eventually breaking past $100,000 on the 8th of May for the first time since the 1st of February. <\/p>\n<p>The current inflow streak has already doubled IBIT\u2019s previous 2025 record, a nine-day run around President Donald Trump\u2019s inauguration in January, signaling stronger, more sustained conviction among institutional players.<\/p>\n<p> Adding to this momentum, sovereign interest is also intensifying, with global entities increasingly exploring Bitcoin\u2019s potential as a strategic asset.<\/p>\n<p>Nations are also flocking to Bitcoin<\/p>\n<p>Additionally, Neoclassic Capital\u2019s Michael Bucella recently underscored this evolving dynamic, highlighting Bitcoin\u2019s resilience and growing relevance in broader macro discussions.<\/p>\n<p>In a recent <a href=\"https:\/\/www.cnbc.com\/video\/2025\/05\/09\/neoclassics-michael-bucella-gives-his-bitcoin-playbook.html#:~:text=Michael%20Bucella%2C%20Neoclassic%20Capital%20managing,and%20outlook%20for%20the%20cryptocurrency.\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">conversation<\/a> with CNBC, Bucella noted,\u00a0<\/p>\n<blockquote>\n<p>\u201cThe UAE, alongside many other nations, are buying Bitcoin as a reserve asset.\u201d<\/p>\n<\/blockquote>\n<p>This highlights how Bitcoin\u2019s adoption narrative has gained remarkable momentum since Trump\u2019s election victory. <\/p>\n<p>With the asset now holding steady above the $100K mark, its mainstream integration feels more tangible than ever. <\/p>\n<p>Echoing similar sentiments, Rifad Mahasneh, CEO of OKX MENA, also <a href=\"https:\/\/www.cnbc.com\/video\/2025\/04\/09\/uae-is-ahead-on-crypto-regulation-says-okx.html\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">emphasized<\/a> how sovereign wealth funds, particularly in regions like the UAE, are accelerating their engagement with digital assets. <\/p>\n<p>He said,\u00a0<\/p>\n<blockquote>\n<p>\u00a0I think the Middle East region obviously is home to many of the world\u2019s leading sovereign funds. Most have been looking at how could they enter this space in the most regulated and risk-controlled manner. I think when they\u2019re evaluating entry into the crypto space, each sovereign fund has its own policies and risk controls that they need to monitor.\u201d<\/p>\n<\/blockquote>\n<p>Therefore, as ETFs see historic inflows and nations explore strategic adoption, it\u2019s clear that Bitcoin is no longer a fringe asset; it\u2019s becoming a core pillar in global financial conversations.\u00a0<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/is-xrp-ready-for-a-major-move-what-to-expect-as-market-signals-align\/\" rel=\"prev noopener\" data-wpel-link=\"internal\" target=\"_blank\">Is XRP ready for a major move? What to expect as market signals align<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin surpasses $100K, attracting record ETF inflows and institutional investor confidence. Sovereign wealth funds, especially in the UAE,&hellip;\n","protected":false},"author":2,"featured_media":91566,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-91565","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114486781385096978","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/91565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=91565"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/91565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/91566"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=91565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=91565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=91565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}