BlackRock's iShares Bitcoin Trust (IBIT) ETF made a significant investment by purchasing $970 million worth of Bitcoin on April 28, marking its second-largest day of inflows. This recent influx brings the total net inflows for US spot Bitcoin ETFs to over $590 million, with BlackRock's IBIT accounting for over 51% of the market share, and its assets surpassing $54 billion. Notably, the previous largest single-day inflow was $1.12 billion on November 7, 2024. Analysts indicate that continued investments in Bitcoin ETFs provide structural support for the cryptocurrency's price appreciation. The overall market saw a cumulative net investment of over $3 billion in the past week, contributing to Bitcoin's robust recovery and substantial price growth. This suggests a favorable shift in market sentiment, despite ongoing retail investor interest lagging behind institutional investments.

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