BlackRock’s iShares Bitcoin Trust (IBIT) attracted approximately $600.1 million in net inflows last week. This figure represents 78% of the $763.4 million total entering all U.S. spot Bitcoin ETFs.
The ETF category recorded its third consecutive week of positive inflows. Analysts describe the trend as conviction buying rather than speculative rotation.
Bitcoin reached a price peak of $74,460 on March 16. Investors are increasingly using the cryptocurrency as a hedge against geopolitical uncertainty and rising Treasury yields.