Data: BlackRock's IBIT has increased its Bitcoin holdings daily this week, accumulating over $478 million in purchases

According to monitoring by Arkham, BlackRock's Bitcoin spot ETF iShares Bitcoin Trust (IBIT) has recorded net inflows for several consecutive trading days this week, with investors increasing their Bitcoin holdings daily.

Data shows that as of now, IBIT has accumulated approximately $478.5 million in Bitcoin purchases this week.

Market analysis suggests that the continuous inflow of institutional funds into Bitcoin spot ETFs reflects a growing demand from traditional investors for digital asset allocation. As one of the largest asset management companies in the world, the fund movements of BlackRock's IBIT are also seen as an important indicator of institutional investor participation in the Bitcoin market.