BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has recorded around $284 million in additional Bitcoin linked inflows, bringing total accumulation to approximately $1.34 billion over just eight days. The sustained buying trend highlights strong institutional participation as Bitcoin continues its recovery toward the $78,000 level.
ETF Flows Strengthen Bitcoin Market Momentum
Market data shows Bitcoin traded near $68,000 on March 4 before moving above $72,000 the same day, extending a broader rebound supported by improving sentiment and ETF inflows. Analysts point to IBIT as a major driver of liquidity, with its structure directly tracking Bitcoin’s spot price and attracting both institutional and managed-account exposure. The consistent inflows are seen as a stabilizing force during volatile trading sessions.
Separately, U.S. Representative Sheri Biggs disclosed a purchase of up to $250,000 in IBIT through a UBS-managed account under the W.S.B Trust. The trade, executed on March 4 and reported on April 16, falls within the STOCK Act’s 45-day reporting window and is described as professionally managed. No allegations of wrongdoing have been made.
Bitcoin is trading near $77,000 on April 17 after a ceasefire in the Strait of Hormuz.
With Bitcoin approaching recent highs, continued ETF inflows are being closely watched as a key indicator of whether institutional demand can sustain the current rally or if momentum will cool under profit-taking pressure.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.