Bitcoin ETFs See Strong Inflows as BlackRock Buys Thousands

BlackRock's recent activity in the cryptocurrency market has contributed to a surge in demand for U.S. spot bitcoin exchange-traded funds (ETFs). According to data from SoSoValue, ETFs recorded $507m net inflows on February 25, the strongest single-day inflow in two weeks.

The largest contributor to this increase was IBIT's $297m inflow, followed by other issuers such as Fidelity and Grayscale. However, bitcoin prices dipped that day due to profit-taking, trading near recent highs but declining slightly.

Separately, Arbitrum's (ARB) native token is trading near historic lows, approximately 96% below its 2024 peak. Technical analysts identify the current price level as a potential long-term entry point, citing characteristics of a Wyckoff accumulation cycle on the token's chart.