Blackrock Bitcoin ETF Records $526 Million Inflows

Krutika Adani

Highest Inflows Since March

BlackRock’s IBIT Bitcoin ETF witnessed a giant inflow of $526 million in a single day on Monday, 22 July 2024.

Markets Getting Bullish

The increased inflows come after Bitcoin recently made a stellar recovery from $54k to $67k within a few days.

Will ETFs Help Bitcoin Cross $100K in 2024?

Recently, all the Bitcoin ETFs have witnessed high inflows. If these inflows are sustained, they might easily take Bitcoin’s price above $100k.

Bitcoin Fails To Cross Key Resistance Levels

Despite the ETF inflows, Bitcoin failed to cross the resistance at $70k.

IBIT’s ETF Trends This Month

BlackRock’s IBIT has seen over $19 billion in ETF inflows this month.

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