Massive Move by BlackRock's Bitcoin ETF

BlackRock's iShares Bitcoin Trust ETF has just poured nearly $1 billion into Bitcoin, marking one of its largest buy-ins ever. This move not only supports Bitcoin's price increase by providing structural market support but also highlights the shifting investment landscape in the U.S. crypto market. With retail interest lagging, institutional moves like these could be driving the market dynamics. Data shows cumulative inflows to U.S. spot Bitcoin ETFs reaching over $3 billion recently, pointing to ongoing bullish momentum. This investment destination has become crucial for those weary of traditional markets.