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Bitcoin ETF Flows Turn Positive as BlackRock’s IBIT Hits Top 1%

BeInCrypto
US spot Bitcoin ETFs have seen positive inflows across all tracked periods, with BlackRock’s IBIT ranking in the top 1% by volume.

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)