Blackrock’s IBIT Propels US Spot Bitcoin ETFs to $124M Inflows on Monday
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U.S. spot bitcoin exchange-traded funds (ETFs) garnered $124.13 million in inflows on Monday, raising the total net inflows to $17.71 billion. Data reveals that $2.68 billion was traded during Monday’s sessions. Blackrock’s IBIT stood out as the only gainer among the 11 U.S. spot bitcoin ETFs, indicating significant investor interest.
Blackrock’s IBIT's outperformance highlights its growing prominence in the crypto market. The influx underscores the confidence investors are placing in Bitcoin ETFs, particularly in Blackrock's offerings. This development is noteworthy amid the fluctuating dynamics of the cryptocurrency market.
Source: news.bitcoin.com ↗
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