The U.S. spot Bitcoin ETF market has seen inflows exceed $1 billion this week, driven by institutional demand and the Fed's rate cuts. BlackRock, a major asset giant, has significantly bolstered its Bitcoin ETF (IBIT) holdings, increasing from just 43,000 shares in June to 198,874 shares recently.
This surge in demand highlights the growing interest in Bitcoin among institutional investors. The increased holdings by BlackRock underscore their commitment to cryptocurrency investment as a significant part of their portfolio strategy.
