Founder of SkyBridge Capital Anthony Scaramucci has taken to Twitter to draw attention to the fact that BlackRock's Bitcoin inflows have reached a new high. According to Scaramucci, BlackRock's spot-based Bitcoin ETF, IBIT, has seen inflows of $5 billion, surpassing the $3 billion mark within the first month of its launch.
Yesterday's inflows into spot Bitcoin ETFs amounted to over half a billion USD, reaching $631.3 million. This is a significant increase from the previous day's inflows of $493.4 million. The question arises as to who is selling to the ETFs and why.
Scaramucci is known for his bullish stance on Bitcoin and other top-tier altcoins, including Ethereum. He has criticized the pessimistic sentiment surrounding the market and considers the overall $5 billion inflows for all ETFs to be impressive.
During a recent interview, Bitcoiner and angel investor Anthony Pompliano stated that BlackRock and Fidelity have set a new record for ETF inflows, with $3 billion in net inflows during the first month of trading. This surpasses the inflows of any other ETF in the past 30 years.
Following the news of significant inflows into ETFs, the price of Bitcoin surged past $51,000, experiencing a 6.75% growth within 24 hours. Although the price has pulled back slightly to $51,200, Bitcoin's market capitalization has exceeded $1 trillion.
In conclusion, BlackRock's Bitcoin inflows have reached an impressive milestone of $5 billion, indicating growing interest and investment in the cryptocurrency market. This surge in inflows has contributed to the significant increase in Bitcoin's price and market capitalization.
