BlackRock’s iShares Bitcoin Trust (IBIT) distinguished itself in the Bitcoin ETF market by attracting a notable inflow of $29.5 million on January 13.
This positive development comes amid significant outflows, as the market witnessed a net outflow of $284.1 million. Other major Bitcoin ETFs, such as Fidelity's Bitcoin-ETF (FBTC) and ARK's Bitcoin-ETF (ARKB), reported heavy losses of $113.6 million and $92.4 million, respectively.
In contrast, BlackRock is expanding its presence in the market by venturing into Canada with the IBIT.
