BlackRock’s Bitcoin ETF Sees Massive Inflows Amid Global Uncertainty

BlackRock’s spot Bitcoin ETF has captured attention by accumulating 582,000 BTC, representing about 2.77% of Bitcoin’s total supply and valued at approximately $56 billion. This surge comes as $1.2 billion worth of Bitcoin was added to the ETF this week, with the iShares Bitcoin Trust (IBIT) recording its largest single-day inflow of $643 million in over three months. Coupled with its expansion into European markets following the recent launch of a European BTC-based exchange-traded product, BlackRock’s strong performance underlines the growing institutional interest in digital assets. Global financial instability has prompted investors to seek alternative stores of value, with BlackRock's head of U.S. equity ETFs noting a trend towards assets like Bitcoin and gold as safe havens. The news highlights the increasing role of institutional inflows in driving Bitcoin demand and signals potential bullish trends in the digital asset market.