BlackRock’s iShares Bitcoin Trust ETF (IBIT) experienced a massive influx of $971 million in just one day, making it the second-largest single-day inflow recorded since its launch in January 2024. This surge offset outflows from other ETFs. While ARK 21Shares Bitcoin ETF (ARKB) suffered significant losses, totaling $226 million, IBIT was the only ETF to show positive movement with a net inflow of $591 million. Notably, this success follows BlackRock’s consistent messaging about Bitcoin serving as a hedge during periods of market uncertainty. Anthony Scaramucci, Founder of Skybridge Capital, emphasizes the growing demand for Bitcoin following its strong performance as a hedge during times of dollar weakness.