BlackRock Bitcoin ETF Experiences Record Net Inflows

The recent surge in demand for the BlackRock Bitcoin ETF IBIT has led to substantial net inflows over the past week.

According to data from CryptoQuant, the fund attracted $983 million in new investments, marking a six-month high. This influx of funds into IBIT and other spot ETFs has had a positive impact on the price of Bitcoin.

The cumulative gain for Bitcoin in April is nearly 18%, demonstrating its strong performance in response to these net inflows.