Krutika Adani
BlackRock’s IBIT Bitcoin ETF witnessed a giant inflow of $526 million in a single day on Monday, 22 July 2024.
The increased inflows come after Bitcoin recently made a stellar recovery from $54k to $67k within a few days.
Recently, all the Bitcoin ETFs have witnessed high inflows. If these inflows are sustained, they might easily take Bitcoin’s price above $100k.
Despite the ETF inflows, Bitcoin failed to cross the resistance at $70k.
BlackRock’s IBIT has seen over $19 billion in ETF inflows this month.