BlackRock's Spot #Bitcoin #ETF Records Biggest Inflows Since April as BTC Hovers at $70K.Bitcoin spot ETFs in the U.S. have seen net inflows of over $1.4 billion in the past week after a timid first half of the month.
BlackRock’s IBIT product experienced a significant inflow of over $290 million on Tuesday, marking its highest one-day inflow this month and since April.
Overall, ETFs saw nearly $300 million in net inflows on Tuesday, with Grayscale’s GBTC showing a five-day streak of inflows.
A popular bitcoin (BTC) spot exchange-traded fund (ETF) in the U.S. is seeing ramped up activity once again after a relatively dim few weeks as bitcoin trades over $70,000 level for the first time in a month.
BlackRock’s IBIT product saw over $290 million in inflows on Tuesday, preliminary data published by Farside Investors shows, recording its highest one-day inflow so far this month and the highest since April.5. The figures were nearly thrice of a previous monthly high of $93 million on May 16.