BlackRock’s IBIT was the only US Bitcoin ETF to record net inflows yesterday as Bitfinex analysts say BTC’s sell-side pressure is shrinking.

BlackRock's iShares Bitcoin ETF (IBIT) recorded over $597 million in inflow on Tuesday. The BlackRock Bitcoin ETF saves the day for the bleeding crypto

Bitcoin (BTC-USD) investors closely watched a dramatic shift in the market on Thursday, as the world’s largest bitcoin-backed exchange-traded fund saw its biggest ever daily outflows, with more than $300M flowing out of the fund in a single day.

BlackRock Inc’s iShares Bitcoin Trust (IBIT) has set a new standard in the exchange-traded fund (ETF) industry. Launched in January 2024, the fund achieved $50 billion in assets under management (AUM) within 11 months.

US Bitcoin ETF saw an inflow of $978.6 million on Monday, sparking optimism over further BTC rally as the flagship crypto soared past the $100K mark.

Key Takeaways BlackRock's iShares Bitcoin Trust experienced a new record of $332.6 million for single-day outflows on Thursday.That brought IBIT outflows to nearly $393 million for the week.Other bitcoin ETFs saw minor inflows,

ETF has performed well since its inception in 2024, a trend that may continue due to the ongoing supply and demand dynamics in the crypto industry. It has added over $54 billion in assets and is one of the market’s most highly traded Bitcoin ETFs,