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Spot Bitcoin ETF Inflows Hit One-Day High of Over $1B

From etf.com

Led by the BlackRock Inc.'s iShares Bitcoin Trust (IBIT), inflows to the 10 spot bitcoin ETFs hit a one-day high on Tuesday of over $1 billion, according to the research arm of cryptocurrency exchange BitMex. IBIT generated nearly $850 million in inflows alone for the day. Since it started trading on Jan. 11, IBIT has received more than $11 billion in inflows, far surpassing the other nine issuers who received SEC approval a day prior to offer ETFs based on bitcoin's spot price. "Record inflow for Ten yest, first day over $1b net, $IBIT went crazy with $848m of it," wrote Bloomberg Senior ETF Analyst Eric Balchunas ... (full story)

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  • Category: Fundamental Analysis