US Bitcoin ETFs Experience $75 Million Net Inflows
- US Bitcoin ETFs saw a net inflow of $75 million, ending a five-day streak of outflows.
- BlackRock led the renewed buying through its iShares Bitcoin Trust ETF.
- The inflows were primarily driven by two products, while most other issuers experienced flat activity.
- VanEck and Fidelity’s Wise Origin Bitcoin Fund recorded net outflows, indicating cautiousness among some providers.
- This shift marks a change from recent selling pressure that had dominated Bitcoin ETF flows.
The US Bitcoin ETFs recorded significant net inflows of $75 million, largely driven by BlackRock’s iShares Bitcoin Trust ETF. This marks a reversal from previous outflow trends and highlights renewed institutional interest in the digital asset.
Source (3.2)https://cryptobriefing.com/bitcoin-etfs-reverse-outflows-75m-inflows/?rand=59535
