BlackRock Bitcoin ETF IBIT Records $1 Bln Inflows

The BlackRock Bitcoin ETF has recently secured a landmark feat by recording nearly $1 billion worth of inflows amid broader bullish crypto market trends. ETP metrics revealed by the tracker Sosovalue indicated that while IBIT recorded massive inflows, other U.S.-based spot BTC ETFs witnessed outflows intraday. Meanwhile, the flagship crypto’s price continues to climb, now nearing $95K after pumping 7.5% weekly.