**BlackRock Buys Bitcoin Again!**

- **On October 21**, investors bought 4,869 BTC worth $329 million through BlackRock’s iShares Bitcoin Trust (IBIT). 🤑

- While other Bitcoin ETFs in the US are experiencing outflows, BlackRock is continuing to add to its BTC stack.

- **IBIT** recorded inflows for six straight days, totaling $1.47 billion in the past week. Since its launch in January, its total inflows are over $23 billion!

- **Nate Geraci**, President of ETF Store, said last week’s inflows make IBIT one of the top ETF launches of 2024.

- **Eric Balchunas**, Bloomberg ETF analyst, commented that IBIT’s AUM is now in the top 2% of all ETFs.

- Fidelity’s Bitcoin ETF also recorded a small inflow of $5.9 million, while ETFs from Bitwise, Ark 21Shares, VanEck, and Grayscale experienced outflows.

- Crypto markets pulled back slightly, with Bitcoin down 3.3% from its peak, but steadying back to $67,500.

**What do you think of BlackRock's move? Leave a comment!**