TREE NEWS reports: BlackRock’s IBIT accumulated $1.08 billion worth of bitcoin over the past 20 days, with inflows recorded on seven of those days. Over the same period, Grayscale’s GBTC sold a net $254.7 million worth of bitcoin.
BlackRock’s IBIT Bought $1.08B of BTC Over Past 20 Days
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AI take
The split between IBIT's buying and GBTC's selling is the real signal: flows are rotating within the ETF complex rather than reflecting purely fresh demand, which makes the net picture less bullish than the headline figure alone suggests. That distinction matters for how much of IBIT's accumulation represents new capital versus repositioning. Whether GBTC's redemptions keep fading while IBIT's inflows broaden beyond a handful of strong days is the open question.
Generated by AI for reference only.
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