BlackRock’s iShares Bitcoin Trust (IBIT) just recorded a massive $971 million inflow on Monday — its second-largest single-day haul since launching in January 2024.
While other ETFs saw outflows — with ARK’s ARKB bleeding $226 million 💸 — BlackRock’s inflow largely offset the exits, signaling dominant investor confidence in IBIT.
SkyBridge Capital’s Anthony Scaramucci says surging Bitcoin demand is driven by fading trust in the U.S. dollar 🇺💵. As investors hunt for stability, BTC ETFs are becoming the go-to hedge.
Bitcoin is now trading above $95,000 🚀, further fueled by institutional interest.
Is this a sign of another leg up for BTC? Or are we reaching a euphoric peak? 🤔📉📈
