BlackRock 'Bitcoin ETF' Sees $540 Million Inflow, Hits 4-Month High

Source
JOON HYOUNG LEE

Summary

  • BlackRock's Bitcoin spot ETF, IBIT, saw a net inflow of $537.74 million, hitting a 4-month high.
  • This inflow is the largest since January 23.
  • Meanwhile, BlackRock IBIT's trading volume was reported to be $6 billion.

Global virtual asset management firm BlackRock's Bitcoin (BTC) spot exchange-traded fund (ETF) saw its largest single-day inflow in four months.

On the 22nd (local time), according to Trader T, BlackRock's IBIT recorded a net inflow of $537.74 million (approximately 740 billion KRW) on the previous day (21st). Trader T reported, "This is the largest inflow since January 23." IBIT is BlackRock's Bitcoin spot ETF.

Meanwhile, BlackRock IBIT's trading volume was recorded at $6 billion (approximately 8.3 trillion KRW) the previous day.

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JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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