On Thursday, BlackRock's iShares Bitcoin Trust (IBIT) showed unexpected performance in the spot Bitcoin ETF market, recording net zero inflows despite the market's positive trend.
This anomaly occurs as Bitcoin (BTC) seems to recover from its recent selling pressure. The cryptocurrency's price had previously dropped below $50,000 but has since risen and was trading at $58,291 at press time, reflecting a 0.5% increase.
The spot Bitcoin ETF market remains dynamic as investors continue to navigate changing trends and pressures in cryptocurrency trading.
Source: www.thecoinrepublic.com ↗
