Reported 4 months ago
The U.S.-traded spot bitcoin ETFs have seen a notable resurgence, adding $2.4 billion worth of bitcoin in the past month. BlackRock's iShares Bitcoin Fund (IBIT) has surpassed $20 billion in assets under management. This comes after a 15-consecutive session streak of net inflows combined with a rally in BTC price, with IBIT leading with $1.1 billion in inflows. The ability to bounce back post sell-offs demonstrates the ETFs' staying power, according to Bloomberg Intelligence. Inflows slowed after the initial launch excitement, but have picked up since mid-May, averaging $140 million per day.
Source: YAHOO