Bitcoin ETFs See Record Inflows Amid Market Rebound
- Bitcoin ETFs recorded $697.2 million in inflows on Monday, the highest since early October.
- BlackRock’s iShares Bitcoin Trust contributed more than half of these inflows.
- Bitcoin prices rebounded above $94,000 after dipping below $90,000 in December.
- Morgan Stanley filed with the SEC to launch its own Bitcoin and Solana ETFs.
- The Fidelity Wise Origin Bitcoin Fund saw $191.2 million worth of shares created on Monday.
The recent surge in Bitcoin ETF inflows highlights renewed investor interest as the market rebounds from a December slump. Morgan Stanley’s entry into the crypto fund space indicates increasing competition among financial giants to capitalize on this trend.
With Bitcoin prices climbing back above $94,000 and significant inflows into ETFs, the total value of BTC held by these funds now stands at $122.86 billion, reflecting robust market confidence and growth potential for cryptocurrency investments.(Source)
