**BlackRock’s Bitcoin ETF Sees Massive Inflows, Hits $20B Milestone**

BlackRock’s iShares Bitcoin Trust attracted $260 million from Bitcoin investors on July 16, making up over half of all net inflows into spot Bitcoin ETFs that day. This marked the eighth consecutive day of positive net inflows for U.S. spot Bitcoin ETFs, totaling $422.5 million, the best performance since June 5, according to Farside Investors.

Fidelity Wise Origin Bitcoin Fund followed with $61.1 million in inflows, and ARK 21Shares Bitcoin ETF came in third with $29.8 million. VanEck and Invesco Galaxy Bitcoin ETFs also saw inflows above $20 million.

BlackRock’s Bitcoin holdings are now valued above $20 billion after purchasing 4,004 Bitcoin and a 3% price rise since Monday. This milestone comes shortly after BlackRock’s CEO Larry Fink called Bitcoin a “legitimate” financial instrument. Bitcoin is currently priced at $65,470, up 13.1% over the past week.