BlackRock’s iShares Bitcoin Trust (IBIT) attracted approximately $505.7 million in net inflows over two days. The fund recorded $213.8 million on April 14 and $291.9 million on April 15. These inflows pushed IBIT’s total net assets to nearly $60 billion.
The aggressive accumulation signals strong institutional confidence in Bitcoin. IBIT currently leads the Bitcoin ETF market as investors seek direct cryptocurrency exposure. This demand serves as a catalyst for positive sentiment across the broader crypto market. The capital injection supports Bitcoin’s price despite recent market volatility.