BlackRock's IBIT Bitcoin ETF Draws $520 Million in Record Inflow

Wednesday, 28 February 2024, 10:41
BlackRock's IBIT spot bitcoin ETF has achieved a milestone with a daily inflow of $520 million, setting a new record. The strong investor interest in the ETF indicates growing confidence in bitcoin as an investment asset. This significant inflow highlights the increasing institutional adoption and interest in cryptocurrency.
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BlackRock's IBIT Bitcoin ETF Draws $520 Million in Record Inflow

BlackRock's IBIT Bitcoin ETF Record Inflow

BlackRock's IBIT spot bitcoin ETF experienced a record daily inflow of $520 million. The substantial investor interest demonstrates a rising confidence in bitcoin as an investment vehicle.

Key Highlights:

  • Record Setting: The daily inflow of $520 million marks a new milestone in the ETF's performance.
  • Institutional Adoption: The strong inflow reflects a growing institutional interest in cryptocurrency investments.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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