On Monday, August 26, the U.S. Bitcoin spot ETFs experienced significant net inflows of $202.6 million. BlackRock's Bitcoin ETF (IBIT) contributed the highest share to these inflows, recording $224 million.
This substantial inflow has reignited hopes for Bitcoin's price to reach $70,000 once again. With BlackRock leading the surge, the market is watching closely for further developments.
The post appeared first on CoinGape.
