BlackRock's IBIT has been accumulating Bitcoin daily this week, with total purchases exceeding $478 million

Odaily Planet Daily News According to Arkham monitoring, BlackRock's Bitcoin spot ETF, iShares Bitcoin Trust (IBIT), has recorded net capital inflows for multiple consecutive trading days this week, with investors increasing their Bitcoin holdings every day.

Data shows that as of now, IBIT has purchased approximately $478.5 million worth of Bitcoin cumulatively this week.

Market analysts believe that the continued inflow of institutional capital into Bitcoin spot ETFs reflects the still-growing demand for digital asset allocation among traditional investors. As one of the world's largest asset management companies, the capital movements of BlackRock's IBIT are also regarded as an important indicator for measuring institutional investors' participation in the Bitcoin market.