Blackrock Dominates Crypto ETF Inflows with Record $314M Bitcoin Bet

Blackrock's influence over the crypto market continues to grow as it led $314.37 million in investments into Bitcoin exchange-traded funds (ETFs) on Tuesday, according to recent data.

This marks the seventh consecutive session of inflows for bitcoin ETFs, with a total of $2.57 billion in new capital poured into these funds over the past week.

Blackrock's IBIT was responsible for more than 90% of the daily inflow, drawing in $284.42 million to bring its seven-day total to an impressive $1.23 billion.

The broader crypto ETF market also saw significant gains on Tuesday, with ether products adding another $179.80 million and Solana, XRP, and HYPE funds combining for a total of $63.63 million in new investments.