BlackRock’s $732M IBIT Buying Lifts Bitcoin as $79K Caps Upside

• BlackRock’s IBIT clients bought $732.6M in BTC, driving last week’s ETF demand rebound higher.
• IBIT accounted for most of the $823.7M in weekly U.S. spot Bitcoin ETF inflows, Farside noted.
• Bitcoin holds near $77K support, as traders watch the $79,485 breakout resistance level ahead.

BlackRock’s iShares Bitcoin Trust returned to focus last week after fresh ETF flow data showed strong institutional demand behind Bitcoin’s latest move. According to Arkham, IBIT clients bought about $732.6 million worth of BTC during the week.

That figure accounted for most of the $823.7 million in total net inflows into U.S. spot Bitcoin ETFs. Farside Investors’ data reinforced that trend, showing IBIT posted daily inflows of $256 million, $39.3 million, $246.9 million, $167.5 million, and $22.9 million between April 20 and April 24. That made BlackRock the clear driver of th…

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