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Spot Bitcoin ETF Inflows Cross $1 Billion This Week, BlackRock Buys IBIT

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US spot Bitcoin ETF market has been heating up very fast following the Fed rate cut announcements.

On Friday , the BTC ETF inflows stood at a staggering $495 million in a single day , thereby taking its weekly inflows to more than $1 billion .

BlackRock has aggressively increased its Bitcoin holdings, reporting 198,874 shares of its spot BitcoinETF IBIT .

This strong demand of ETF sets the stage for a BTC price bull run in Q4 2024 .