BlackRock Invests $970 Million in Bitcoin via ETF, Fueling Bullish Sentiment

BlackRock’s Bitcoin exchange-traded fund (ETF) has witnessed a substantial inflow of $970.9 million, marking the second-largest daily influx since its launch. This significant surge signifies growing institutional interest in Bitcoin as a legitimate investment opportunity. The influx reflects shifting market sentiment towards cryptocurrencies, with BlackRock’s action highlighting Bitcoin’s potential for long-term growth.