BlackRock's Bitcoin ETF Experiences Continued Strong Inflows, Coinciding with the April 20th Halving Event

In an era punctuated by financial innovations, Bitcoin, represented by its ticker BTC and priced at $64,748, has become synonymous with both volatility and viral culture. This week, the cryptocurrency sector not only celebrated the iconic April 20th halving event but also witnessed the continuation of a notable inflow streak into the United States' largest spot Bitcoin exchange-traded fund (ETF).



On the digital stage of X (previously known as Twitter), Bloomberg Intelligence's ETF analyst Eric Balchunas highlighted the serendipitous confluence of these events. Remarkably, the halving day coincided with the 69th consecutive day of inflows into BlackRock’s iShares Bitcoin Trust (IBIT), the foremost ETF in terms of assets under management within the domain. Balchunas commented on the alignment as "a little too perfect," reflecting the u


First found on: Cryptonews from Coinatory