BlackRock's IBIT draws $134.6M on May 7, 2026 as Bitcoin trades near $80,000

BlackRock's iShares Bitcoin Trust (IBIT) reported $134.6M in net inflows on May 7, 2026, pushing its assets under management to about $66.9Bn as Bitcoin hovered just under $80,000. Bitcoin was priced at $79,916.99 on May 7, and the article notes a +11.7% move over the past three months alongside a 1-day "Buy" technical signal. Broader US spot Bitcoin ETFs logged more than $1Bn of weekly inflows through May 7, with IBIT taking $721.5M across three sessions.