BlackRock's IBIT Continued its Dominance of BTC ETF Net Inflows
Bitcoin
Net inflows for the ten spot bitcoin ETFs combined reached $2.57 billion last week — up 15 % from the $2.24 billion worth of inflows generated the week prior — according to data from BitMEX Research and Farside Investors.
BlackRock's $iShares Bitcoin Trust(IBIT)$ continued its dominance, generating $2.48 billion in inflows.
There is little insight into what drove the surge in outflows from the $Grayscale Bitcoin Trust(GBTC)$ , which reached $1.83 billion in total over four days, the report said.
Coinbase noted that net outflows amounted to $836 million between March 18 and March 21.
Bitcoin slipped below $63,000 last week as the outflows sped up. It was recently trading at around $66,800.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- WINTERIN·03-25Wah, that's great news lah!LikeReport
- Tom Chow·03-26niceLikeReport