Blackrock Drives Entire $110 Million Bitcoin ETF Inflow

Bitcoin ETFs opened the week with $110.34 million in net inflows, though the entire gain came through Blackrock’s IBIT. Ether funds returned to sizable outflows, while zcash and NEAR remained the only smaller categories to attract fresh capital. Bitcoin exchange-traded funds (ETFs) drew $110.34 million on Monday, with every dollar flowing into Blackrock’s IBIT. No other bitcoin fund recorded meaningful activity. Trading value reached $1.86 billion, while net assets closed at $102.84 billion. The inflow keeps bitcoin on firmer footing after last week’s late-session volatility. Yet the concentration matters. Last week showed that broad-based buying across several issuers tends to offer a stronger signal than a move carried by a single fund.

First reported by Bitcoin.com News. This page is a short excerpt; the full text is theirs.