Bitcoin ETF Inflows Surge Past $100 Million: BlackRock Leads the Way

U.S. spot Bitcoin ETFs saw a robust $108 million in net inflows on April 17th, signifying growing investor confidence in the crypto asset amidst market volatility. Leading this surge was BlackRock’s IBIT fund, which brought in an impressive $80.96 million – the highest among all Bitcoin ETFs. This influx indicates a renewed belief in Bitcoin as a long-term investment opportunity. Blackrock’s dominance highlights not only institutional trust in the asset class, but also the credibility of regulated products like ETFs that offer easier access for traditional investors to this new market.