BlackRock’s Bitcoin ETF posts $143 million inflow on renewed demand

BlackRock's iShares Bitcoin Trust (IBIT) recorded a significant $143 million inflow on Tuesday, marking a reversal after a period of outflows totaling $449 million since December 23, which signals renewed institutional interest in Bitcoin. This turnaround coincided with Bitcoin's price climbing back above $89,000 before settling near $88,729. BlackRock, the world's largest asset manager, is utilizing its spot Bitcoin ETF as a primary channel for institutional clients to gain exposure to crypto assets. Other major spot Bitcoin ETFs also experienced positive flows, with funds from ARK Invest/21shares and Fidelity pulling in $110 million and $79 million, respectively, leading to a net capital inflow of $355 million across all US-listed spot Bitcoin ETFs, breaking a seven-day outflow streak.

(Source：Crypto Briefing)