BlackRock’s Bitcoin ETF pulls in $604M across four straight days of inflows

Share

BlackRock’s iShares Bitcoin Trust recorded four consecutive days of net inflows totaling 9,269 BTC, worth approximately $604 million at current prices. Between August 3 and 5, U.S. spot Bitcoin ETFs collectively pulled in roughly $626 million, with IBIT accounting for about $478 million. The fund commands a dominant 70 to 80 percent share of daily inflows across the entire U.S. spot Bitcoin ETF market. This latest run sits at the top of IBIT’s historical inflow streaks, which have generally ranged between $200 million and $600 million. The recovery is particularly notable following a weak July, during which the fund absorbed roughly $523 million in redemptions.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles