Blackrock's Ishares Bitcoin Trust (IBIT) bought a nearly $ 1 billion BTC worth of April 28, which marked the second highest daily flow since the launch of January 2024, according to data from Sosovalue.
The $ 970 million buyout carries total Ibit property under management of more than $ 54 billion, worth nearly 51% of US spot bitcoin exchange-traded fund (ETF) Market Share, According to the data from Dune analytics.
Only a previous $ 1.12 billion Haul on November 7, 2024, when the BTC price approaches the $ 100,000 mark at the first time, eclipses the latest figure.
Throughout the US Bitcoin ETF Landscape area, blackrock flows were brought in the sun. While Ibit saw a positive net of nearly $ 1 billion, others struggle to achieve a similar result. Ark Invest's Arkb ETF has posted the largest net outflow for $ 226 million, pushing a total net flow for ETFs to nearly $ 590 million.
Nate Geraci, President of Advisory Firm ETF Store, Write to X.
“Almost $ 1 Bil in ishares bitcoin etf today. Second biggest outstream from January 2024. I still remember when no one was required. '
Long -term demand is The raised ibit in the ranks of the 33rd largest ETF in the world, covering the same Traditional and Crypto -focused funds. This climb outlines how BTC exposure becomes a feature in institutional portfolios.
Ibit benefits from Bitcoin Surge Price
Ishares Bitcoin Trust has benefited from the BTC price that collapsed last week, with a cryptocurrency increase of more than 5% now standing above the $ 95,000 mark.
The rising price of cryptocurrency has come as investors face the uncertainty surrounding Trump's rewards tariffs in almost every country in the world, which led to a rising trade war in China.
That trade war saw merchants move to safe properties, including gold, the Swiss Franc, and today, it seems BTC and other cryptocurrencies. These properties grew stronger as investors moved away from the US dollar, with the US Dollar Index (DXY) dropped by 8.7% year-to-date.
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