Daily Inflows into BlackRock’s Bitcoin ETF Hit $523M

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On Monday, BlackRock’s Bitcoin exchange-traded fund (ETF) received its biggest influx of funds in over four months, with over $523 million entering the fund.

According to data from Hey Apollo, the iShares Bitcoin Trust (IBIT) acquired 7,759 Bitcoin on July 22, worth just over $523 million currently.

This brings the total amount of inflows into BlackRock’s fund to 333,000 BTC, which amounts to $22 billion at current prices.

This marks the seventh-largest day in terms of inflows into IBIT. The largest single-day inflow occurred on March 18, when $849 million worth of BTC was added to the fund.

The second-largest was on March 5, when the fund saw $788 million in inflows, according to FarSide investor data.