BlackRock's BTC ETF investors keep buying despite ‘plummeted’ Bitcoin

outlook

BlackRock’s spot Bitcoin exchange-traded fund has continued to gather millions from investors since last Monday, despite a sharp fall in positive Bitcoin commentary.

The BlackRock-issued iShares Bitcoin Trust (IBIT) saw another $107 million in inflows on July 18 — marking the ninth straight day of inflows, according to Thomas Fahrer, co-founder of crypto data platform Apollo.

Seven of those nine days saw flows over $100 million, a feat rarely achieved in the ETF industry.However, crypto traders aren’t showing as much optimism. The amount of positive $BTC Commentary on social media has slumped compared to four months ago, while traders are increasingly taking up short positions on the asset, according to blockchain market intelligence firm Santiment.