Bitcoin ETFs Surge Back Following Market Slump

Following a recent market downturn, Bitcoin exchange-traded funds (ETFs) experienced renewed inflows, totaling $76 million in the past two days. This marked a significant recovery after a prior seven-day period of outflows exceeding $878 million. 30 The largest inflow was from BlackRock’s IBIT ETF, which attracted $38.2 million in fresh investments. Other noteworthy inflows came from Ark’s ARKB ETF and 21Shares’ BITB ETF, each reaching roughly $13.4 million and $11 million respectively. Notably, Grayscale’s Bitcoin Mini Trust and Franklin’s EZBC also saw increased demand.