US Bitcoin ETFs draw $527M in biggest showing since September
BTC when published $81,988Now $80,595 ▼ −1.70% since it was published
BlackRock’s IBIT led the gains with $665.2 million in inflows, offsetting withdrawals from Fidelity and Grayscale, while other funds recorded no net flows. US spot Bitcoin exchange-traded funds (ETFs) recorded $526.7 million in net inflows on Monday, their largest daily intake in nearly a month, after posting net weekly withdrawals in each of the past two weeks. According to Farside Investors, Monday’s inflows were the strongest since Sept. 22, when the funds attracted $714.7 million. Monday’s record reversed Friday’s $82.4 million in net outflows. BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with $665.2 million, exceeding the net total across all funds. The gains were partly offset by $83.6 million in withdrawals from Fidelity’s Wise Origin Bitcoin Fund (FBTC) and $54.9 million from Grayscale Bitcoin Trust (GBTC).
First reported by Cointelegraph. This page is a short excerpt; the full text is theirs.
