Blackrock Bitcoin ETF buys $ 970 million in BTC with an increase in flows, Boost Market

The Blackrock Fund (ETF) has bought nearly a billion dollars of Bitcoin on behalf of its customers on April 28, as “structural support” flows continued to estimate the price of Bitcoin, according to market analysts.

ETF bought from Blackrock’s Ishares Bitcoin Trust (Ibit) ETF for $ 970 million from Bitcoin (BTCOn April 28, the second largest day of the recorded flows after obtaining $ 1.12 billion from BTC on November 7, 2024, Sosovalue Data appears.

IBIT’s IBIT has brought nearly one billion dollars a total net flow to the United States by ETF BTC to a little more than $ 590 million, with all other traded investment funds in clear or remaining external flows. The Arkb’s Arkb’s Arkb Etf has recorded the highest outfits of $ 226 million.

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“Nearly * $ 1BIL * in ISHARES Bitcoin ETF today … the second largest flow since the beginning of January 2024. I still remember when there was no request,” Nate Girassi, President of Etf Store, wrote on April 29 x mail.

Ibit Blackrock’s IBIT is the largest group of BTC ETF, with more than $ 54 billion of management assets, which represents 51 % of the total ETF Spot market share, Sand dunes Data appears.

The latest flows make IBIT the 33 largest investment funds circulating in the world between the traditional financing -based investment funds, According to To data from ETF database.

“ETF flows and the purchase of Crotroate” last week was important to Bitcoin recovery Ryan Lee, chief analyst at Bitget Research, said with a continued benefit of the retail investor.

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The “structural” support funds are provided for Bitcoin Assembly

Bitcoin’s recovery over the past week with a cumulative net flow of more than $ 3 billion for Bitcoin Spot in the United States, which represents the second highest week of investments since its launch.

Bitcoin recorded “the most powerful weekly gain since Trump’s electoral victory, but the signs indicate that there is another step that can be fermented,” according to the Nexo Dispatch Iliya Kalchev analyst.

“ETF is topped to the instant Bitcoin products 3 billion dollars last week – the highest since November – provides structural support that may feed on more upward trend,” an analyst told CointeleGRAph.

Bitcoin investments previously have been an important engine for biotcoin bullish momentum. Bitcoin’s investment funds are estimated 75 % of the new investment In Bitcoin when I recovered $ 50,000 in February 2024, a month after the appearance of the investment funds circulated in the United States.

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