BlackRock’s iShares Bitcoin Trust stepped up its accumulation this week, adding 5,990 Bitcoin on 17 June, 2,670 Bitcoin on 18 June and a further 2,680 Bitcoin on 19 June, according to fund-flow data. The purchases lift the exchange-traded fund’s holdings to about 670,000 Bitcoin—roughly 3% of the cryptocurrency’s circulating supply—and push its assets under management to roughly $74.8 billion. The fund has spent an estimated $1.4 billion on Bitcoin over the past six trading days.
The aggressive buying helped extend the broader market’s streak of positive flows: U.S. spot Bitcoin ETFs recorded eight consecutive days of net inflows through 19 June, pulling in a combined $2.4 billion, The Block reported. On 19 June alone, the products gathered $389.57 million, with BlackRock’s IBIT accounting for $278.93 million and Fidelity’s FBTC attracting $104.38 million, offsetting modest outflows from other issuers.
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