This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
BlackRock’s Bitcoin ETF, IBIT, purchased nearly $1 billion worth of BTC, reinforcing structural support for Bitcoin’s price. Analysts highlight this as a key driver behind Bitcoin’s recent surge above $94,000.
- BlackRock's IBIT ETF bought $970M in Bitcoin, its second-largest daily inflow.
- IBIT holds 51% of the spot BTC ETF market share with $54B in assets.
- ETF inflows contributed to Bitcoin's recovery above $94,000 last week.
📎 Related coverage from: cointelegraph.com