Bitcoin ETFs See Record Inflows Amid Market Surge

According to PANews, recent data from Spot On Chain reveals that Bitcoin ETFs in the United States have experienced their largest single-day inflow, totaling $1.372 billion. This marks the highest level of inflows in 167 days. Notably, BlackRock's Bitcoin ETF (IBIT) saw an inflow of $1.169 billion, the largest single-day inflow since its inception. Over the past three weeks, BlackRock has significantly increased its Bitcoin holdings, adding 77,649 BTC, which is approximately valued at $5.48 billion. This increase brings BlackRock's total Bitcoin holdings to 447,281 BTC, valued at around $33.86 billion. This amount represents approximately 2.26% of the circulating supply of Bitcoin. The substantial inflows into Bitcoin ETFs highlight a growing interest and confidence in Bitcoin as an investment vehicle, reflecting broader market trends and investor sentiment.