BlackRock’s Bitcoin ETF Sees Largest Inflow in Four Months Amid Market Optimism

BlackRock‘s spot Bitcoin exchange-traded fund (ETF) recently experienced its largest day of inflows in over four months, with more than $523 million entering the fund on Monday. The iShares Bitcoin Trust ETF (IBIT) acquired 7,759 Bitcoin on July 22, valued at just over $523 million at the time of writing, according to Hey Apollo data shared by its co-founder on a July 23 X post. These inflows bring the total assets under management for IBIT to 333,000 BTC, which is approximately $22 billion at current prices. This day marks the seventh-largest inflow day in terms of US dollars for IBIT.