Bitcoin ETFs reverse 5-day outflows with $75M BTC purchase
Key Takeaways
- US Bitcoin ETFs saw $75 million in net inflows, ending a five-day outflow streak.
- BlackRock led the renewed buying through its iShares Bitcoin Trust ETF.
US Bitcoin ETFs recorded $75 million in net inflows yesterday, ending a five-day streak of outflows as institutional investors resumed accumulating the digital asset.
BlackRock, the global investment management firm operating the iShares Bitcoin Trust (IBIT), led the buying activity alongside Grayscale’s mini ETF, which also contributed to the positive flows.
These two products were the only ones driving net inflows, while most other issuers saw flat activity. VanEck and Fidelity’s Wise Origin Bitcoin Fund recorded net outflows, signaling a more cautious stance among other providers during the market reversal.
The renewed institutional interest marks a shift from recent selling pressure that had dominated Bitcoin ETF flows. BlackRock has consistently been among the top contributors to Bitcoin ETF inflows since the products launched, helping drive institutional adoption of crypto assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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