The post BlackRock Buys $311.7M Bitcoin as ETF Inflows Near $1B appeared first on Coinpedia Fintech News
BlackRock’s $IBIT bought $311.7 million worth of Bitcoin on October 17, contributing to over $1 billion in total net inflows for Bitcoin ETFs this week. Bitcoin ETFs have seen inflows surpassing $1.18 billion over the past three days, with BlackRock leading the charge. This comes amid growing market optimism as BTC trades above $67,000, approaching its all-time high of $73,777. Total net inflows for spot Bitcoin ETFs in the US have reached a record high of $19.73 billion.