Institutional Buying Spree removes 9,631 Bitcoin from Open Market
The long-term price of Bitcoin is facing upward pressure as the iShares Bitcoin Trust (IBIT) removes 9,631 BTC from the open market over five days. This accumulation is driven by uninterrupted inflows into the fund, which requires IBIT to purchase the asset from the open market to meet demand. On April 14, 2026, the fund pulled in $34.7 million in fresh capital, contributing to a total of $57.67 billion in assets under management. In a single day during this buying spree, BlackRock's fund bought 2,870 BTC.
More Briefs
Robinhood Stock Surges 10% as SEC Removes Day Trading Minimum, Expanding Active Trader Access
Apr 17IEMG’s Outperformance Masks Concentration Risks in Tech and Asia
Apr 17A 10% Credit Card Interest Rate Cap Would Close More Than Half of All Open Accounts
Apr 17Morgan Stanley’s MSBT Surpasses WisdomTree as Crypto ETF Inflows Reallocate Toward Lower Fees