The #ETFvsBTC
The #ETF of #Bitcoin from BlackRock buys 970 million dollars in BTC as inflows increase and boost the market.
BlackRock's exchange-traded fund (ETF) bought nearly a billion dollars in Bitcoin on behalf of its clients on April 28, and ongoing inflows provided "structural support" for the appreciation of Bitcoin's price, according to market analysts.
BlackRock's iShares Bitcoin Trust (IBIT) purchased $970 million in #Bitcoin❗ ( BTC ) on April 28, its second-largest day of recorded inflows after acquiring $1.12 billion in BTC on November 7, 2024, according to data from Sosovalue.
Every day the #Criptomonedas plays a vital role in financial markets. With the issuance of these #ETFs , a significant price boost for the crypto ecosystem is expected.