BlackRock’s Bitcoin ETF Sees $300 Million in Inflows, Reversing Trend of Low Flows

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has generated significant traction, accounting for 95% of the total inflow into United States spot Bitcoin ETFs on Tuesday.

The combined inflows for these ETFs surpassed $300 million, a substantial boost for the market.

In a recent note, the firm said it has observed substantial buyers acquiring 100,000 to 120,000 BTC Calls for December 2024, indicating confidence in the upward movement of the cryptocurrency.