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BlackRock’s Bitcoin ETF Sees Continued Inflows Despite Decline in Positive Market Sentiment

BlackRock’s Bitcoin ETF Sees Continued Inflows Despite Decline in Positive Market Sentiment


CryptoIntelligence
2024-07-27 01:33:00

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has continued to attract millions from investors since last Monday, despite a notable decrease in positive Bitcoin commentary. The iShares Bitcoin Trust (IBIT), issued by BlackRock, recorded an additional $107 million in inflows on July 18, marking the ninth consecutive day of inflows, according to Thomas Fahrer, co-founder of crypto data platform Apollo. Seven of those nine days saw inflows exceeding $100 million, an achievement rarely seen in the ETF industry. However, crypto traders are displaying less optimism. Positive Bitcoin commentary on social media has declined compared to four months ago, and traders are


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