BlackRock’s IBIT draws $1 billion as Bitcoin pulls back from $87K
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BlackRock’s iShares Bitcoin Trust (IBIT) reportedly attracted approximately $1 billion in inflows as Bitcoin pulled back from the $87,000 level. The inflows indicate sustained institutional demand despite short-term price weakness and suggest investors may be using the dip to build exposure. This resilience could help cushion further downside, though it does not eliminate volatility or broader market risks.
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