Bitcoin ETF Flows Surge as Blackrock IBIT Attracts Massive Capital

The US spot Bitcoin ETF market is experiencing a wave of activity with significant inflows. Data from the past two days reveals a substantial $23.2 million net inflow into U.S. spot Bitcoin ETFs, driven primarily by BlackRock’s IBIT fund. This trend highlights investor interest in these investment vehicles that allow for exposure to Bitcoin without direct ownership. The performance of other ETFs shows varied results: Fidelity and Ark Invest saw outflows while others experienced no change.