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BlackRock-backed spot Bitcoin (BTC) exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT), has recorded 9 consecutive days of cash inflows.
BlackRock’s IBIT ETF recorded nine consecutive days of cash inflows totaling $1.609 billion.
KEY POINTS
- IBIT accumulated approximately 21,536 Bitcoin over nine days, reaching 806,178.4 BTC held.
- Last week, IBIT experienced its highest weekly cash inflow since mid-January, totaling $906.09 million.
- Renewed IBIT inflows helped Bitcoin convert the $70,840 resistance into a new support zone.
- Bitcoin rose over 7% to $75,780 amid increased buying from IBIT and other institutions.
COMPANIES
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