Bitcoin ETF Boom: $4.7B Rush Sparks Market Frenzy

Bitcoin ETFs See Net Inflows for Second Consecutive Week, Totaling $4.7 Billion

Bitcoin Exchange-Traded Funds (ETFs) have witnessed a surge in net inflows, amounting to $4.7 billion, marking a second successive week of positive growth. This increase in investment comes as BlackRock's Bitcoin spot ETF, IBIT, experienced a significant daily net inflow of $330 million. To date, IBIT has recorded a total historical net inflow of $5.17 billion, further solidifying its position as a market leader.