BlackRock Bitcoin ETF Secures 11,000 BTC, Daily Volume Hits $6.8 Billion
Inflows into spot Bitcoin ETFs have increased significantly following recent macro developments. BlackRock's iShares Bitcoin Trust (IBIT) acquired 1,478 BTC worth $155 million on Thursday, bringing its total weekly purchases to over 11,000 BTC. IBIT also achieved a record daily trading volume of $6.8 billion, reflecting a 220% increase from the prior day.
Key points:
- IBIT net inflows surpassed $39.5 billion, with total assets under management at $59.8 billion.
- Spot Bitcoin ETFs attracted $3.7 billion in inflows over six days, indicating strong market demand.
- Calamos Investments launched the "Protected Bitcoin ETF," which guarantees a 100% money-back if Bitcoin falls by 50%, but caps gains at 11.5%.
- Net inflows into spot Bitcoin ETFs turned positive by $4 billion since the beginning of 2025.
The Bitcoin price has risen over 3%, surpassing $105,411, with a market cap of $2.088 trillion. Bitcoin remains rangebound between $101K and $106K, facing resistance at the upper boundary. A breakthrough above $106K could signal a rally towards new all-time highs above $110K.
Analyst insights:
- Bitcoin retested the range low of $101K, forming a higher low before bouncing back towards resistance.
- The Accumulation Trend Score for Bitcoin is nearing 0, suggesting that large holders may be distributing their assets or not accumulating currently.