In the last five trading days, spot bitcoin ETFs have seen net inflows of more than $2.1 billion, with BlackRock accounting for half of those sales. Of the 80% of direct investors buying IBIT, BlackRock's chief investment officer of ETFs and index investments says 75% had never before owned an iShare.

BlackRock's spot Bitcoin exchange-traded product (ETP) is bringing in a crowd Wall Street isn’t used to seeing. A ton of first-timers who are just crypto investors.

Impressively,7, BlackRock's IBIT amassed net inflows of $309 million, bringing the net US Bitcoin ETFs inflow to over $470 million.

ETF has attracted over $1 billion in inflows this week alone, which has helped propel the apex crypto to a 10% seven-day gain.

BlackRock’s Bitcoin ETF received more than $1.05 b in the past five trading days as investors continue to show more interest in the spot products.

Bitcoin hit $67,800 after BlackRock CEO Larry Fink confirmed Bitcoin as an asset class, marking a major shift in financial markets.