🔗 Crypto & Blockchain

BlackRock's Bitcoin ETF Gulps $269M in a Day – Best Since March Madness

$269.3 million flooded BlackRock’s iShares Bitcoin Trust on Thursday – its fattest day in five weeks. Amid Bitcoin's price dip, this signals institutions betting big again.

Chart of BlackRock iShares Bitcoin Trust ETF inflows peaking at $269 million on Thursday

⚡ Key Takeaways

  • BlackRock's IBIT saw $269.3M inflows Thursday, highest in 5 weeks, dominating 75% of the day's net $358M. 𝕏
  • ETFs near YTD breakeven at $56.51B, just $80M shy, signaling potential rebound. 𝕏
  • Wall Street like BlackRock and Morgan Stanley prioritize fees; Bitcoin's the vehicle, not the endgame. 𝕏
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Originally reported by Cointelegraph

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