Bitcoin ETFs Surge as Inflows Hit Two-Week High Amidst Rally

BlackRock’s iShares Bitcoin Trust (IBIT) is experiencing a surge in investor interest, with its latest inflows surpassing $530 million. This marks the largest single-day inflow since May 5th and follows a trend of increased buying activity for US spot Bitcoin ETFs. The influx of capital comes amid Bitcoin’s continued price climb, which has soared to near $112,000 in recent days. IBIT’s trading volume even exceeded that of the previous January peak, highlighting its appeal among investors seeking exposure to this volatile asset.