BlackRock Bitcoin ETF Records Biggest Inflow in Over a Month

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According to data from Farside Investors, the iShares Bitcoin Trust ETF (IBIT) saw its largest daily net inflow in the past 35 days on Monday, August 26.

This comes with buyers taking advantage of Bitcoin’s small dip below $64,000 after a successful weekly rally.

IBIT recorded a net inflow of $224.1 million, its highest since July 22 when it had $526.7 million in inflows. This coincided with Bitcoin’s price reaching a daily high of $67,534.

Bitcoin’s current price has dropped by 2% in the last 24 hours, going from a daily high of $64,121 to its current value of $63,031.

This slight decrease follows a strong rally that saw BTC climbing from a low of $58,756 to $64,475 on August 25, its highest price since early August.

The net inflow into IBIT contributed to the 11 United States-based spot Bitcoin ETFs collectively recording a daily net inflow of $202.6 million.