Blackrock’s IBIT ETF Investors Post $15M Inflows After Latest BTC Insights from Larry Fink
The post Blackrock’s IBIT ETF Investors Post $15M Inflows After Latest BTC Insights from Larry Fink appeared on BitcoinEthereumNews.com.
Bitcoin price surged past $84,500 after a strong rebound, fueled by institutional purchases and Blackrock ETF inflows. Will BTC maintain momentum? Bitcoin (BTC) Rebounds Above $85,000 as Multiple Firms Announce BTC Purchases Bitcoin (BTC) 3.7% rebounded on Tuesday after overhang from Trump’s tariffs triggered market-wide sell-offs on Monday. According to TradingView data, Bitcoin opened trading at $82,550 before rising 3.7% to reclaim the $85,499 level. While BTC price has retraced to find support at $85,149 at press time, rising trading volume confirms continued buying support at current price levels. Bitcoin Price Action | BTCUSD At press time, standout catalysts for the rebound include recent BTC purchase announcements from multiple U.S.-based firms and an upcoming stablecoin legislation review in Congress on Wednesday April 2. MicroStrategy, Tether, and Japan-based Metaplanet all announced fresh Bitcoin purchases in the last 24 hours. Blackrock’s IBIT ETF Investors Post $15M BTC Inflows After Larry Fink’s Latest Statements Bitcoin ETFs recorded aggregate net outflows of $60.6 million on Monday, marking successive losing days for the first time since March 14, according to the latest data from analytics platform Fairside. A closer look at transaction stats shows that Blackrock’s IBIT ETF stood out, posting $15 million in inflows. This development follows Blackrock CEO Larry Fink’s annual letter to shareholders, in which he hinted that Bitcoin could challenge the U.S. dollar as the world’s dominant reserve currency amid growing national debt concerns. Bitcoin ETF Flows | March 31 | Source: Farside “Bitcoin is increasingly viewed as an alternative to traditional fiat currency systems, especially as national debt levels continue to rise globally,” Fink noted. Institutional interest in Bitcoin continues to grow, as seen in the divergence between IBIT and other ETFs, many of which saw net outflows. Fidelity’s FBTC, for example, recorded a $19.9 million outflow, while Grayscale’s GBTC…
Filed under: News - @ April 2, 2025 3:26 am