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Recent data shows significant inflows into US Bitcoin ETFs, with over $2 billion in the last two weeks and a record $1 billion in the previous week alone. BlackRock's iShares Bitcoin Trust led the surge with $720 million, followed by Fidelity's $227 million. Global Bitcoin ETFs now hold over 1 million BTC, with the price surging above $70,000. BlackRock has been actively adding Bitcoin to its Strategic Income Opportunities Portfolio, surpassing Grayscale in BTC holdings. The spot Bitcoin ETF market saw a combined inflow of $45 million on May 28, with BlackRock buying $102 million worth of Bitcoin, becoming the largest Bitcoin ETF by overtaking GBTC.
It took less than 100 trading days for BlackRock's iShares Bitcoin Trust (IBIT) to flip the longstanding Grayscale Bitcoin Trust (GBTC). Read more: https://t.co/iqBpPzUngl
LONG TERM BITCOIN HODLERS BULLISH AGAIN - ACCUMULATION PATTERNS RETURN - According to data from Glassnode, after months of selling, long-term Bitcoin holders are beginning to accumulate $BTC for the first time since December 2023. "Residing just shy of its all-time high,… https://t.co/kC4P3yLGLs https://t.co/Tcw4IpU2QA
NEW: 🇺🇸 BlackRock's two funds have disclosed exposure to their own #Bitcoin ETF in the SEC filings. It's just getting started 🚀 https://t.co/6x70m5ZG8y
