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BlackRockโs iShares Bitcoin Trust (NASDAQ:IBIT) ETF has attracted over $1 billion in inflows this week alone, which has helped propel the apex crypto to a 10% seven-day gain.
What Happened: According to data from SoSo Value, spot bitcoin ETFs in the U.S. garnered $470 million on Thursday alone. BlackRockโs IBIT was the frontrunner, pulling in $309 million, contributing to a total of $1.07 billion for the week.
Given its current market position and price trajectory, the prospect of #bonk coin reaching the $1 mark appears highly unlikely. Presently, BONK trades at only a fraction of a cent, and achieving a dollar would necessitate a 45662X astronomical increase in its