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Spot Bitcoin ETF Inflows Surge, Pass $1 Bln for Week
Following a brief lull last week, bitcoin ETF inflows renewed their rapid march upward, pushing the price of the asset to its highest levels since late 2021. On Tuesday, funds reached $576.8 million in net inflows, their third highest total since they started trading Jan. 11, and have already surpassed $1 billion for the week, according to the research arm of crypto exchange BitMex. BlackRock’s iShares Bitcoin Trust (IBIT) generated its own single-day record with about $520 million in flows and has totaled more than $6.5 billion in flows overall. Spot bitcoin ETFs based on the most current market value of the ... (full story)