Bitcoin witnessed a significant rise to $77,000 on Thursday, driven by record inflows into U.S. Spot Bitcoin ETFs. This marks the largest daily net inflow for these funds since their inception on January 11 this year.
Blackrock's IBIT played a major role in this surge, being responsible for purchasing 14.63K out of the total 17.99K Bitcoin acquired by these funds. This substantial acquisition by Blackrock highlights the growing interest and investment in Bitcoin products.
Such developments in the U.S. Bitcoin ETF space suggest increasing institutional backing and potentially set the stage for further growth in Bitcoin's market value.
