Bitcoin ETFs Attract Massive Institutional Investment with $1.07 Billion in Just Four Days
In a remarkable turn of events, the influx of capital into Bitcoin exchange-traded funds (ETFs) has surged dramatically, totaling an impressive $1.07 billion within just four days. This inflow streak commenced on a Monday with an influx of $386 million, escalating to $431 million by Tuesday. BlackRock’s innovative Bitcoin ETF, known as IBIT, has witnessed a momentous rise, now boasting $70 billion in assets under management (AUM). This substantial institutional appetite reflects a growing trend whereby financial giants increasingly recognize Bitcoin’s potential and reliability as an investment asset. Such a robust performance in ETF inflows signifies strong market interest and sets a bullish outlook for the cryptocurrency sector.