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.
You are reading an excerpt. Bitcoin.com News wrote and owns the full article.
Continue reading at news.bitcoin.com











