The BlackRock iShares Bitcoin Trust has seen a remarkable 16-day streak of inflows, with an additional 280 Bitcoin, valued at around $36 million, added to the fund.
This capital influx aligns with Bitcoin reclaiming the $97,000 mark, a significant milestone for the cryptocurrency market. The ongoing inflow into the BlackRock Bitcoin ETF reflects growing investor confidence in Bitcoin as a viable investment asset.
This trend is especially notable amid recent market volatility, where Bitcoin has demonstrated resilience and the ability to rebound from price fluctuations.
The consistent inflows suggest that institutional investors are increasingly viewing Bitcoin as a valuable addition to their portfolios, attracted by its perceived store of value and potential for long-term growth.
