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Crypto

BlackRock's Bitcoin ETF Sees Record-Breaking Inflows Amid Institutional Demand

Guavy AI Editorial Team
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BTC ETH
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BlackRock's iShares Bitcoin Trust (IBIT) has continued to attract large sums of money from investors, leading in inflows among U.S. spot Bitcoin ETFs with over $478.5 million in daily purchases.

The latest batch of funds totals $128.33 million and brings the total amount of BTC held by IBIT to approximately 742,000 coins.

This surge in investment is part of a broader trend in institutional demand for regulated Bitcoin exposure through spot ETFs, which have seen combined inflows of $626 million since early July.

BlackRock's iShares Ethereum Trust ETF (ETHA) has also experienced significant growth, with an increase of 196,340 ETH during the same period.

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