*🚨BlackRock's Bitcoin ETF Inflows Surpass 'Magnificent 7' Stocks🔻🔻🔻*$BTC

- *Inflows and Accumulation*: BlackRock's Bitcoin exchange-traded fund (ETF) has seen inflows surpass those of the "magnificent seven" stocks, which include tech giants Microsoft, Apple, Tesla, Amazon, Meta, Alphabet, and Nvidia ¹. BlackRock's iShares Bitcoin Trust ETF has accumulated nearly $19 billion in Bitcoin year-to-date (YTD) ².

- *Comparison to Other ETFs*: This is more than Invesco's Nasdaq 100 ETF, which includes the hyped Magnificent 7 stocks and the Artificial Intelligence boom ². Additionally, Fidelity's spot Bitcoin ranks 11th, gathering $10 billion in inflows ².

- *Bitcoin's Market Size*: Despite Bitcoin's market size being 90 times smaller than that of equities, these substantial inflows make Bitcoin the world's second-biggest asset class in terms of inflows this year ².

- *US Spot Bitcoin ETFs*: Bitcoin ETFs in the U.S. have collectively surpassed $61 billion worth of on-chain holdings, which translates to ETFs holding over 4.6% of the total Bitcoin supply ². Last week alone, U.S. spot Bitcoin ETFs saw net inflows exceeding $1 billion, driven by the launch of the first spot Ethereum ETFs in the U.S. ².

- *Bitcoin's Price*: BTC is currently trading around the $66,000 level, and is down 2% for the past 24 hours, following news that BTC from failed exchange Mt Gox has been returned to creditors ².