BlackRock’s $643M Bitcoin ETF Bet Signals Institutional Confidence in BTC

BlackRock’s Bitcoin ETF surged with a $643 million inflow on April 23, marking a key moment in the growing institutional support for BTC. The spike, the largest in three months, follows Bitcoin’s rally past $94,000, underscoring a powerful shift in investor sentiment. Launched in January 2024, BlackRock’s iShares Bitcoin ETF (IBIT) has already amassed over $40.63 billion in net inflows, solidifying its lead among U.S. spot Bitcoin ETFs.  BlackRock’s iShare Bitcoin ETF (IBIT) recorded $643 million in inflows on April 23. Source: SoSoValue This influx comes as part of a broader crypto market rally, fueled in part by President

Continue reading on DailyCoin.