Institutional confidence grows as Galaxy Digital moves closer to Nasdaq listing
[K-Bridge/Jay Son] The cryptocurrency market continues to show signs of maturing as institutional inflows into regulated Bitcoin products hit record highs. BlackRock’s spot Bitcoin ETF has now seen 19 consecutive days of net inflows, while investment author Robert Kiyosaki once again warned against fiat currencies, urging investors to move into Bitcoin, gold, and silver. Meanwhile, crypto investment firm Galaxy Digital has received U.S. approval to redomicile, signaling an imminent Nasdaq listing.
📈 BlackRock’s Bitcoin ETF Posts $356M Daily Inflow, Longest Streak in 2025
BlackRock’s spot Bitcoin ETF, IBIT, recorded a net inflow of $356.2 million on May 9, extending its consecutive inflow streak to 19 trading days — the longest run in 2025 so far. Over the past week alone, IBIT has attracted more than $1 billion in capital.
Since mid-April, this sustained inflow has coincided with a period of high market volatility, with Bitcoin prices fluctuating between $83,000 and $103,000. Market analysts suggest that these ETF inflows indicate growing institutional confidence, even amid short-term price swings.
💬 Robert Kiyosaki: “Ditch Fake Money and Own Real Assets”
Robert Kiyosaki, author of Rich Dad Poor Dad, criticized centralized monetary policy in a post on X (formerly Twitter), describing fiat currencies as “fake money” and encouraging the public to invest in decentralized stores of value such as Bitcoin, gold, and silver.
Quoting former U.S. congressman Ron Paul, a long-time critic of the Federal Reserve, Kiyosaki described interest rate setting as “price fixing” akin to socialist or Marxist control. He warned that the current monetary system promotes dishonesty — from economic statistics to corporate compensation — and ultimately undermines personal wealth.
“Fake money leads to dishonest money, dishonest statistics, dishonest accounting, dishonest balance sheets, dishonest compensation, dishonest relations, dishonest leaders, and corruption in everyday life,” he wrote.
🏛️ Galaxy Digital Gains SEC Approval for U.S. Redomicile, Eyes Nasdaq Listing
In a major regulatory development, crypto investment firm Galaxy Digital has received approval from the U.S. Securities and Exchange Commission (SEC) to redomicile in Delaware, a key step toward its planned listing on the Nasdaq.
Galaxy is currently listed on the Toronto Stock Exchange, but the move to a U.S. base will enable the firm to list on the Nasdaq under the ticker symbol GLXY, pending final shareholder approval. The company anticipates completing the transition by mid-May.
Galaxy’s anticipated listing underscores a broader trend: crypto-native firms are increasingly entering regulated financial markets as digital assets gain mainstream adoption.
🔍 Analysis: Not Just Price Moves — A Structural Shift in Crypto
The latest developments suggest a broader structural shift in how cryptocurrencies are perceived. Bitcoin is no longer seen purely as a speculative asset. Sustained ETF inflows, regulatory approvals, and public endorsements from well-known investors reflect growing trust in digital assets as part of a long-term investment strategy.
An industry analyst commented, “Institutional interest in Bitcoin ETFs signals a shift toward legitimacy and integration. The narrative is no longer about hype — it’s about crypto becoming a recognized part of the global financial system.”