BlackRock's Bitcoin ETF Buyers Pump $479M into BTC Amid Market Fear
BlackRock's Bitcoin ETF buyers have poured $479 million into Bitcoin over three days. This influx of capital accounts for 76% of all US spot Bitcoin ETF inflows during a period of extreme market fear. Despite trading in a narrow range around $64,800, institutional investors aggressively bought real Bitcoin through the iShares Bitcoin Trust (IBIT), which has amassed nearly $61 billion since its January 2024 launch.
This dominance highlights BlackRock's strong institutional reach and creates genuine demand pressure on Bitcoin's limited supply. The fund's trading activity is becoming crucial for Bitcoin price discovery amid market uncertainty.