On Monday, BlackRock's iShares Bitcoin Trust (IBIT) saw a significant inflow of $224 million. This marks a record-breaking event indicating strong market interest, particularly in the face of ongoing economic fluctuations.
Despite the substantial inflows into IBIT and other Bitcoin-focused funds, Bitcoin's price remains challenged. The market is showing resilience, but the cryptocurrency hasn't responded positively to these inflows.
This disconnect between investment interest and price movement reflects broader economic uncertainties influencing the crypto market.
