Bitcoin ETF Flows Turn Positive as BlackRock’s IBIT Hits Top 1%
Summary
US spot Bitcoin ETFs have experienced a significant surge in interest, with net inflows turning positive across all rolling periods for the first time in months. Bloomberg analyst Eric Balchunas noted that BlackRock’s IBIT has attracted $3 billion in recent flows, placing it among the top 1% of all ETFs. As BTC trades near $77,700, the cumulative lifetime net inflows have reached $62.8 billion, nearing record highs as institutional appetite continues to climb.
(Source:BeInCrypto)