BlackRock bought another $643 million worth Bitcoin, this is the largest amount in the last 13 weeks.XBlackRock's IBIT, the largest spot bitcoin exchange-traded fund by net assets, saw positive flows of $643 million on Wednesday its largest single-day since Jan. 21. This brought the daily total net inflows of U.S. bitcoin ETFs to $916.9 million, nearly matching Tuesday's $936.4 million positive flow and stretching the inflow streak to four days.
During the four-day streak, the ETFs have drawn in more than $2.3 billion, which is a significantly higher amount than the $1 billion net inflows during a ten-day inflow streak in March.
According to data from SoSo Value, Ark & 21Shares' ARKB also reported $129.5 million inflows, along with $124.37 million that moved into Fidelity's FBTC. While Grayscale's Mini Bitcoin Trust and VanEck's HODL added to the net inflows, Bitwise's BITB saw $15 million in net outflows.
"The recent inflows of the ETF signal a renewed investor confidence in Bitcoins store of value proposition," LVRG Research Director Nick Ruck said. "We could expect to see Bitcoin align with the growth of gold in the foreseeable future."
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