U.S. Bitcoin ETF Inflows Surge as Market Stabilizes

BlackRock’s spot Bitcoin ETF, IBIT, saw a significant surge in inflows, totaling $970.9 million according to SoSoValue. This influx came amidst a wave of positive sentiment for the cryptocurrency market. Ark and 21Shares’ ARKB witnessed net outflows, while Fidelity’s FBTC experienced modest withdrawals. Grayscale’s GBTC, Bitwise’s BITB, and VanEck’s HODL also experienced outflows. 300 million in outflow was reported for the latter three.