IBIT under BlackRock has been increasing its Bitcoin holdings every day this week, with cumulative purchases exceeding $478 million

Odaily News According to Arkham monitoring, BlackRock's spot Bitcoin ETF, the 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 spot Bitcoin 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 investor participation in the Bitcoin market.