BlackRock Bitcoin ETF, Funds inflow continues for over 3 weeks

There has been a continuous inflow of investment funds into BlackRock's iShares Bitcoin Trust (IBIT) for more than 3 weeks. As of the 7th, the fund recorded fund inflows for 16 consecutive trading days, with an additional approximately 280 BTC (approximately $36M) inflow just on the 6th.

IBIT is currently the only Bitcoin spot ETF in the US showing continuous fund inflows, with a total of approximately $4.7 billion inflow over the past month. This trend reflects strong market confidence as there has not been a single outflow since April 9. According to ETF analysis firm Phaside Investors, most other Bitcoin ETFs saw outflows or stagnation during this period.

During early trading on the 7th, the BTC price once exceeded $97,500 but then slightly declined to $96,538. This is believed to be mainly due to the emotional trigger in the market after New Hampshire passed a strategic Bitcoin reserve bill, becoming the first in the US.

Denis Porter, CEO of SatoshiActionFund, commented, "New Hampshire's case could be a catalyst that rapidly increases the likelihood of similar bills being passed by other state governments."

In addition to the rise in Bitcoin prices, the news of an upcoming US-China high-level trade meeting in Switzerland over the weekend seems to have stabilized investor sentiment somewhat. US Treasury Secretary Scott Besant said, "We want to lower trade barriers and promote fair trade." This also adds a positive signal to the global investment market overall.