Investors in BlackRock’s iShares Bitcoin Trust (IBIT) made significant investments, contributing $329 million to the fund on October 21, coinciding with a 3% dip in Bitcoin's price. This inflow highlighted investor confidence amidst market fluctuations, as IBIT has now surpassed $23 billion in total net inflows since its launch. This marked the third time in four trading days that the fund received inflows exceeding $300 million. In contrast, other U.S. spot Bitcoin ETFs saw minimal activity, with only the Fidelity Wise Origin Bitcoin Fund (FBTC) recording an inflow of $5.9 million. Bitcoin's price experienced a drop to $66,975, down from a peak of $69,130, following a noteworthy surge from $59,000 earlier in the month. Analysts suggest a potential continuation of volatility, predicting possible price corrections in the near future. The overall sentiment in the market reflects anticipation around upcoming political events, which may impact Bitcoin's trading patterns.

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