BlackRock’s iShares Bitcoin Trust (IBIT) recorded over $900 million in inflows during the past week. These investments allowed the fund to acquire a substantial amount of Bitcoin and solidify its position as a major holder.
The capital surge helped drive Bitcoin’s price above the $76,000 mark. This institutional demand follows a recent period of outflows for spot Bitcoin ETFs.
Prediction markets now indicate increased odds of Bitcoin reaching new record highs.