BlackRock Bitcoin ETF Sees $523M Inflow, Setting Four-Month Record
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BlackRock's spot Bitcoin ETF has gained tremendous investor interest, setting a record with $523 million in inflows recently. This marks the highest inflow in four months, signaling strong confidence in Bitcoin as an asset.
In contrast, Grayscale’s recently converted Ethereum Trust experienced outflows, indicating a shift in investor sentiment from Ethereum to Bitcoin. Despite these outflows, Ethereum investment funds overall are still significant.
This development highlights the growing influence of established financial entities like BlackRock in the cryptocurrency market, particularly in the Bitcoin sector.
Source: en.coinotag.com ↗
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