BlackRock’s IBIT buys $195.6 million of Bitcoin in a day, $1.57 billion over the past month

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BlackRock’s IBIT reportedly bought $195.6 million of Bitcoin in one day, bringing its purchases to $1.57 billion over the past month. The scale of the buying signals strong demand through the spot ETF and adds a substantial source of institutional buying pressure. It may support Bitcoin prices, though ETF flows alone do not establish a lasting trend.

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