Spot Bitcoin ETFs have broken the five-day trend of net redemptions. They collected a net inflow of $15.7 million on Monday. That change is a sizeable reversal following a week when these funds have experienced over $885 million in net outflows. The recent influxes into Bitcoin ETFs demonstrate investor trust and have been part of the cryptocurrency’s market performance. The value of Bitcoin once hit $71,000, and the daily trading volume is up 26%.
The biggest inflow gain of the day came from Fidelity’s Bitcoin ETF (FBTC), which took in $261 million. After FBTC, the BlackRock Bitcoin ETF (IBIT) also posted a significant net inflow of $35.4 million. On the other hand, the Grayscale Bitcoin Trust (GBTC) saw a moderate net outflow of $350 million on the same day. These moves reflect the changing landscape of investment in cryptocurrency, where investors are putting different sentiments in different funds.
London Stock Exchange to List Crypto ETNs
The success of US spot Bitcoin ETFs is
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