The post Bitcoin ETFs Record $438M Inflows Despite Bitcoin’s Dip appeared first on Coinpedia Fintech News

The Bitcoin ETFs recorded nearly $300 million in inflows on a single Monday, marking the highest buying activity since June when Bitcoin was trading above $70,000. As reported by Bloomberg, over $438 million has been poured into US ETFs in just two days. BlackRock’s IBIT ETF was the top performer with nearly $180 million in …

The post Bitcoin ETFs Record $438M Inflows Despite Bitcoin’s Dip appeared first on Coinpedia Fintech News

The Bitcoin ETFs recorded nearly $300 million in inflows on a single Monday, marking the highest buying activity since June when Bitcoin was trading above $70,000. As reported by Bloomberg, over $438 million has been poured into US ETFs in just two days. BlackRock’s IBIT ETF was the top performer with nearly $180 million in purchases, followed by Fidelity’s FBTC and Grayscale’s GBTC with over $25 million. Despite selling pressure from Mt. Gox repayments and a German government entity, institutional investors are viewing this as a buying opportunity