BlackRock’s IBIT Clocks Biggest BTC ETF Inflow in a Month

BlackRock's iShares Bitcoin Trust (IBIT) experienced its largest inflow in five weeks, with $269.3 million on Thursday. This significant influx helped to reverse two days of net outflows for the 12 US spot Bitcoin ETFs, which collectively saw $358.1 million in new investments. Other ETFs also saw notable inflows, including Fidelity's Wise Origin Bitcoin Fund ($53.3 million) and Morgan Stanley's new Bitcoin Trust ($14.9 million). Despite a recent pullback in Bitcoin's price, IBIT has accumulated $1.5 billion in net inflows this year. BlackRock's head of digital assets noted that IBIT investors are predominantly long-term holders. Morgan Stanley's digital asset head highlighted their Bitcoin Trust as their best-ever ETF launch, with plans for future Ether and Solana ETFs. The recent inflows bring US spot Bitcoin ETFs close to regaining their year-to-date net inflow figures.

(Source：Cointelegraph)