Institutional investors purchased $479 million in Bitcoin through BlackRock’s IBIT fund in just three days this week, representing 76% of total net flows of $626 million across all US spot Bitcoin ETFs. The Crypto Fear & Greed Index was at 25, firmly in « Extreme Fear » territory, while Bitcoin traded between $64,744 and $64,920. A single session saw $244.4 million in inflows according to Farside Investors data. Since its January 2024 launch, IBIT has accumulated nearly $61 billion in cumulative net flows, surpassing the $52.39 billion total for all US spot Bitcoin ETFs combined. This dominance stems from BlackRock’s distribution network reaching pension funds and wealth management platforms, with every dollar invested in the ETF requiring actual Bitcoin purchases on the open market.
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