Reported 18 days ago
Despite a significant outflow of $326.4 million from U.S. spot bitcoin ETFs on October 13, BlackRock’s iShares Bitcoin Trust (IBIT) stands out with a continued inflow of $134 million over the past two trading days, even as bitcoin's price fell from $122,000 to $107,000. This marks 10 consecutive days of inflows for IBIT, although recent inflows have decreased compared to previous sessions. Historically, IBIT’s inflows have tracked bitcoin’s price action, but it has managed to attract investment when others have not, amidst overall weakening performance in the U.S. market.
Source: YAHOO