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Home » Bitcoin » US Bitcoin ETFs secure 5-day inflow streak as BlackRock rakes in $184 million
by
Vivian Nguyen
Uk news GBTC’s massive outflows gain subsided over the past few weeks.
Key Takeaways
- BlackRock’s iShares Bitcoin Belief led with $184 million in inflows.
- Total procure inflows for US Bitcoin ETFs gain reached $246 million to this point this week.
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US-listed assert Bitcoin alternate-traded funds (ETFs) gain notched their fifth consecutive day of obvious efficiency, collectively taking in approximately $106 million on Wednesday. BlackRock’s iShares Bitcoin Belief (IBIT) led with round $184 million in procure inflows, according to information tracked by Farside Investors.
On Wednesday, Bitwise’s Bitcoin ETF (BITB) added round $2 million in contemporary capital. In contrast, Constancy’s Bitcoin Fund (FBTC) and ARK Invest/21Shares’s Bitcoin ETF (ARKB) faced outflows of approximately $33 million and $47 million, respectively.
Diversified competing Bitcoin ETFs, including the Grayscale Bitcoin Belief (GBTC), noticed zero flows.
Since GBTC was transformed into an ETF, investors gain withdrawn over $20 billion from the fund. Nonetheless, massive outflows, which were noticed after the conversion, gain subsided in most fashionable weeks.
As GBTC’s outflow slows down and capital flows to different funds, especially BlackRock’s IBIT, the community of US assert Bitcoin funds has skilled sustained inflows for five consecutive trading days. These ETFs gain attracted about $ 246 million in procure inflows to this point this week.
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