Bitcoin ETF Inflows Approach $1 Billion This Week, BlackRock’s IBIT Dominates 💼
Inflows into spot Bitcoin ETFs have surged to nearly $1 billion in the first four trading days of this week. BlackRock’s iShares Bitcoin Trust (IBIT) leads the way in capturing the majority of these flows. This development highlights a robust surge in institutional interest in Bitcoin, even as BTC prices experience a decline during the same period.
The massive inflow marks a growing trend toward increased investment in Bitcoin by institutional players, potentially signaling the start of a broader interest in the cryptocurrency market. The significant involvement of BlackRock in this trend further underscores the financial industry's growing embrace of digital assets.
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