▶️BlackRock “shouldered” Bitcoin ETFs last week with a total inflow of nearly $1 billion

➕According to data from Farside Investors, US Bitcoin ETFs ended the trading session on October 26 with an inflow of $402 million, bringing the total inflow for the week to $997.6 million.

➕The biggest contributor in the past trading sessions was certainly BlackRock's IBIT fund, which recorded a weekly inflow of $980 million, accounting for 98% of the inflow. Since October 14, IBIT has had 10 consecutive trading sessions with inflow, with a total purchase value of up to $2.1 billion in Bitcoin.

➕BlackRock’s “destructive” performance even overshadowed the outflow of other ETFs last week, helping 11 US BTC ETFs have a third consecutive week of net inflow in October, following the success of the previous week with inflows of up to $2.1 billion. ➕BlackRock’s buying pressure on October 26 even increased compared to the previous day, despite the news that stablecoin company Tether may be under investigation by the US government. However, things may change on October 28 when the US stock market reopens, with a high possibility of seeing reactions to the news of Israel’s retaliation against Iran, which took place after the market closed on October 25.