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Spot Bitcoin ETF Inflows Cross $1 Billion This Week, BlackRock Buys IBIT Coingape 7 hours ago

Spot Bitcoin ETF Inflows Cross $1 Billion This Week, BlackRock Buys IBIT 💰

USA Bitcoin BlackRock

The US spot Bitcoin ETF market has experienced rapid growth, especially following announcements of Fed rate cuts. Institutions have been quick to increase their holdings of Bitcoin (BTC).

On Friday alone, Bitcoin ETF inflows reached $495 million, bringing the weekly total to more than $1 billion. This surge reflects a strong institutional interest in Bitcoin.

Notably, BlackRock has been a significant buyer, further underscoring the growing demand among major institutional players.

Source: coingape.com ↗

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