The Bitcoin (BTC) community is increasingly concerned after BlackRock's spot Bitcoin exchange-traded fund (ETF) halted inflows for several days for the first time.
BlackRock's iShares Bitcoin Trust (IBIT), the fastest-growing spot Bitcoin ETF in the US, has not recorded any inflows since April 24.
According to data from IBIT's official page, the fund held the same 274,462 BTC over the last four trading days.
Some crypto observers have expressed concern over IBIT's entry pause, suggesting that such an event does not bode well for investors.
BlackRock's period of zero inflows comes as other ETF issuers, including the largest seller, Grayscale Investments, continue to see outflows from spot Bitcoin ETFs.
Despite this, despite the slowdown in spot Bitcoin ETF inflows in the US, the funds are still in positive territory in terms of total asset changes since trading launched.
What do you think this means for the Bitcoin market? We are waiting your comments.#Bitcoin#BlackRock #ETF