BlackRock Injects $322M into Bitcoin Market Despite Dalio's Criticisms

BlackRock's iShares Bitcoin Trust ETF (IBIT) has injected $322.4 million into the market, driving a net inflow of $225.2 million in Bitcoin ETFs on Tuesday.

The strong showing more than offset outflows from Fidelity's Wise Origin Bitcoin Fund and Grayscale's Bitcoin Trust ETF, which shed $89.3 million and $28.2 million respectively.

This marks a reversal for the market, which had seen five weeks of outflows totaling nearly $4 billion in Bitcoin ETF products prior to this week's inflows.

The weekly total now stands at $683.3 million, following last week's $787.3 million in inflows.