BlackRock's Bitcoin exchange-traded fund (ETF) has seen immense demand, contributing significantly to the overall market capitalization for spot Bitcoin ETFs, which now exceed $63 billion.
In the past week, nearly $20 billion in net inflows have been recorded, with BlackRock’s Bitcoin ETF alone accounting for half of the $2.1 billion received by spot Bitcoin ETFs in net inflows during this period.
This remarkable achievement highlights the growing interest in and adoption of cryptocurrency investment products by institutional and retail investors alike.
