BlackRock Bitcoin ETF Drives $137 Million Inflows as BTC Demand Recovers

The BlackRock Bitcoin ETF is spearheading a rebound in institutional buying interest, with US spot Bitcoin exchange-traded funds (ETFs) posting three consecutive days of net inflows. In fact, the BlackRock iShares Bitcoin Trust (IBIT) comprised almost all of the net inflows seen on the latest day, as per the data provided by crypto analyst That Martini Guy ₿. US spot Bitcoin ETFs saw $137.3 million in net inflows on the latest day, bringing their three-day net inflows total to $423.6 million. Also Read | DTCC Launches Tokenization Service With 20 Major Wall Street Firms The Invesco BlackRock Bitcoin ETF, or IBIT, contributed to the latest inflows to US spot Bitcoin financial instruments. Invesco managed to raise $137.3 million in net flows, with IBIT responsible for most of these flows.

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