BlackRock Bitcoin ETF Records Record Inflow of $643 Million, Boosting Institutional Interest in Crypto

BlackRock’s iShares Bitcoin Trust (IBIT) experienced an unprecedented inflow of $643 million on a single day, showcasing surging institutional interest in the cryptocurrency market. This record surge signifies a significant shift towards mainstream adoption of Bitcoin by traditional investors and could accelerate its acceptance within financial institutions. 500,000 BTC now hold within BlackRock’s holdings, representing over half the US Bitcoin ETF market share. Analysts highlight this influx as a sign of growing confidence in Bitcoin as an investment vehicle, impacting the price of both Bitcoin and related cryptocurrencies like Ethereum and Solana.