Bitcoin ETFs Ignite Frenzy

$2.8 BILLION Injection in 5 Days Drives $94K

Saylor Highlights That BlackRock's ETF Will Be the Largest in the World

Spot Bitcoin Exchange-Traded Funds (ETFs) in the United States have experienced a massive net inflow of approximately $2.8 billion in the last five business days.

This significant capital flow has been a key factor in driving the price of Bitcoin from around $85,000 to surpass $94,000.

IBIT Leads the Charge

BlackRock's iShares Bitcoin Trust (IBIT) has captured the majority of these inflows, accounting for $1.3 billion.

Michael Saylor, Chairman of Strategy (MSTR), the largest corporate holder of Bitcoin, predicts that "IBIT will be the largest ETF in the world in ten years."