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Spot Bitcoin ETFs continue their upward momentum, with BlackRock's IBIT fund recording a significant $732.6 million in single-day inflows, further strengthening market confidence. This contribution bolsters a nine-day positive streak that has reached a cumulative $2.12 billion in total capital. Analysts attribute this surge to improving geopolitical sentiment and the impact of the CLARITY Act, which has driven institutional ownership of Bitcoin to 8% in 2024. While BlackRock remains the dominant driver, the market is closely monitoring Morgan Stanley's MSBT for potential shifts in liquidity distribution. These substantial inflows support Bitcoin's price action as it tests the $80,000 threshold. Meanwhile, Ethereum is refining its institutional infrastructure to compete for capital allocations heading into the second quarter.
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