BlackRock’s Bitcoin ETF, IBIT, was the only U.S. spot Bitcoin ETF to attract inflows on Monday. In contrast, other ETFs did not experience new inflows or outflows. Per data from SoSoValue, IBIT gathered approximately $73.4 million in net inflows. Still, these were insufficient to offset significant outflows from other funds, particularly the Grayscale Bitcoin Trust. […]
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- BlackRock’s Bitcoin ETF, IBIT, attracted $73.4 million in net inflows on Monday, while other ETFs remained stable.
- The Grayscale Bitcoin Trust (GBTC) saw significant outflows, with a reduction of $110 million on the same day.
- Hong Kong approves asset managers to establish Bitcoin and Ether exchange-traded funds (ETFs).
BlackRock’s Bitcoin ETF, IBIT, was the only U.S. spot Bitcoin ETF to attract inflows on Monday. In contrast, other ETFs did not experience new inflows or outflows. Per data from SoSoValue, IBIT gathered approximately $73.4 million in net inflows.
Still, these were insufficient to offset significant outflows from other funds, particularly the Grayscale Bitcoin Trust. GBTC reported a $110 million reduction on the same day, putting its historical net outflow at $16.38 billion.
Notably, ten Bitcoin spot ETFs have recorded a net outflow of $91.8 million collectively. This trend reflects investor caution, prompted by recent volatile movements in Bitcoin’s price, which declined by 11.6% last week to about $63,410.
Over the past week, GBTC recorded the most substantial outflows, losing $767 million. Although funds like IBIT and the Fidelity Wise…
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