BlackRock’s Bitcoin ETF Sees Biggest Inflow Since Jan. 21! Here’s All the Data!

BlackRock’s iShares Bitcoin Trust (IBIT) pulled in $643 million on Wednesday, marking the largest single-day inflow in three months, according to SoSo Value data. BlackRock’s IBIT Sees $643 Million in Single-Day Inflows, Leading a New Wave of Bitcoin ETF Investments This increase marks the fund’s largest daily net inflow since Jan. 21 and contributed to a total daily inflow of $916.9 million across all U.S. spot Bitcoin ETFs. This strong increase extended a streak of four consecutive days of net inflows, bringing the total to over $2.3 billion during that time period, more than double the $1 billion added during the ten-day inflow streak in March. Other funds also joined the rally. ARK 21Shares’ ARKB added $129.5 million, while Fidelity’s FBTC withdrew $124.37 million. Smaller contributions came from Grayscale’s Mini Bitcoin Trust and VanEck’s HODL. The only major outflow was from Bitwise’s BITB, which lost $15 million. The renewed inflows reflect a rise in investor confidence. “The ETF’s recent inflows signal renewed investor confidence in Bitcoin’s store-of-value proposition,” said Nick Ruck, Director of Research at LVRG. “We can expect Bitcoin to align with gold’s growth for the foreseeable future.” Bitcoin prices remained resilient amid trade uncertainty, climbing on International Monetary Fund (IMF) forecasts of higher U.S. inflation and slowing global growth. BTC was trading at $92,690 at the time of reporting after briefly exceeding $94,000 earlier in the day. In another sign of growing institutional interest, Cantor Fitzgerald, SoftBank, Tether and Bitfinex announced the creation of a $3.6 billion Bitcoin-focused investment firm called Twenty One Capital, with Strike founder Jack Mallers appointed as CEO. *This is not investment advice. Continue Reading: BlackRock’s Bitcoin ETF Sees Biggest Inflow Since Jan. 21! Here’s All the Data!

Source: BitcoinSistemi