BlackRock's IBIT ETF Sees $970M Inflow Amid Bitcoin Surge

BlackRock's IBIT ETF Sees $970M Inflow Amid Bitcoin Surge

BlackRock’s iShares Bitcoin Trust (IBIT) recorded a substantial $970 million in inflows on April 28, marking the second-largest single-day capital injection since its inception. This inflow underscores the accelerating institutional interest in Bitcoin exposure via regulated exchange-traded products. The IBIT ETF’s purchase contributed significantly to the $591 million in net inflows across all U.S. spot Bitcoin ETFs on the same day. Notably,...

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