BlackRock’s Bitcoin ETF Sees Record Inflows Amid Rising Prices
- BlackRock’s iShares Bitcoin ETF recorded $287.4 million in inflows on Friday, marking its largest single-day haul since early October.
- Bitcoin ETFs collectively attracted $471.3 million on Friday, the highest total inflows since mid-November.
- Bitcoin is trading at $92,670 according to CoinGecko data, reflecting increased institutional interest.
- Fidelity’s FBTC gained $88.1 million, Bitwise’s BITB added $41.5 million, and Grayscale’s GBTC attracted $15.4 million in inflows.
- The U.S.’s capture of Venezuelan President Nicolás Maduro has contributed to a fourth consecutive daily win streak for Bitcoin.
The significant inflow into BlackRock’s spot Bitcoin ETF highlights growing institutional appetite amid geopolitical tensions following the U.S.’s capture of Nicolás Maduro. This development aligns with a broader trend of increased investment in crypto-linked funds as markets react to geopolitical events and policy shifts.
Friday’s record inflows into Bitcoin ETFs underscore the asset’s appeal as both a strategic asset and macro hedge amid heightened volatility and policy uncertainty . (Source)
