BlackRock Adds $322M to Bitcoin ETF as Holdings Hit 768,000 BTC

Bitcoin ETFs logged major inflows as BlackRock added $322M in one day, signaling steady institutional accumulation during market volatility.

Bitcoin spot exchange-traded funds recorded strong inflows as large investors increased exposure during market swings. Analysts reported heavy buying activity led by major asset managers. The updates followed a sharp price recovery after recent geopolitical tension. 

Moreover, data showed consistent demand despite Bitcoin’s yearly decline. Besides, it suggested institutions continued to accumulate rather than exit positions.

BlackRock Bitcoin ETF inflows signal institutional accumulation

Milk Road reported that BlackRock added $322 million to its Bitcoin ETF in one day. 

The inflow marked one of the largest daily increases in five months. The iShares Bitcoin Trust now holds more than 768,000 BTC. Assets under management passed $62 billion after the latest update.

The post stated that large investors continued to buy during periods of price weakness. It described the activity as committed capital that absorbs market dips. The account also noted that inflows arrived during a volatile news cycle. Regional conflict news did not stop ETF demand.

Data shared by Milk Road showed no major outflows across competing funds. Charts covering late February through early March showed steady positive movement. The pattern suggested accumulation instead of distribution. 

The ETF involved was the iShares Bitcoin Trust, known by the ticker IBIT. Its holdings now rank among the largest Bitcoin reserves controlled by a single financial product. 

Bitcoin ETFs remain positive despite market decline

Bloomberg ETF analyst Eric Balchunas shared similar figures on X. 

He said most Bitcoin ETFs showed positive year to date flows. His post cited $237 million in net inflows on March 4. Total yearly inflows reached over $1.5 billion when excluding legacy fund outflows.

Balchunas pointed out that Bitcoin still traded far below its earlier highs. He noted a 22 percent decline for the year and a 50 percent drop from the cycle peak. 

Despite that decline, ETF investors continued to add exposure. His message focused on flow data rather than price forecasts.

The update showed that institutional buyers did not react to short term price weakness. Instead, they continued to place capital into regulated products. 

This behavior contrasted with past cycles when volatility triggered withdrawals. The chart highlighted consistency across several major funds.

Related Reading: Bitcoin ETFs Attract $88M as Ethereum Flows Stall to Near Zero

Bitcoin Valuation Metrics Show Oversold Conditions

Crypto analyst Michaël van de Poppe shared a valuation chart focused on overbought and undervalued zones. 

He said Bitcoin entered territories previously seen in major bear markets. His post compared current levels to 2015, late 2018, and the second half of 2022.

The chart suggested that indicators reflected heavy correction across multiple metrics. 

Van de Poppe said the valuation area appeared earlier than expected in this cycle. He referenced the possibility of a left cycle peak in late 2024. His comments focused on historical comparison rather than predictions.

He urged followers to rely on data instead of emotion. The post highlighted how social media bias can distort market interpretation. It described the current range as one of the cheapest zones in prior cycles. The message centered on metrics and long term structure.

Together, the ETF inflow data and valuation charts painted a consistent picture. Institutions continued to add Bitcoin exposure while indicators showed deep correction levels.

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