Bitcoin BTC/USD traders are setting their sights on a $64,000 price target as BlackRock’s iShares Bitcoin ETF experiences a massive $500 million inflow in a single day.

What Happened: The inflow into prominent spot Bitcoin ETFs has shown no signs of slowing, with close to $630 million added on Tuesday across all products, reported CoinDesk on Wednesday. BlackRock’s IBIT contributed nearly $500 million, maintaining its lead among the 11 ETF providers.

Excluding Grayscale’s Bitcoin Trust GBTC, these ETFs have amassed over $11 billion in Bitcoin. The outflows from GBTC seem to have gradually lessened, alleviating selling pressure and boosting bullish sentiment.

The price of Bitcoin…

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