Bitcoin ETFs Show Resilience Amidst Blackrock Outflows

Despite a setback from Blackrock, U.S. bitcoin exchange-traded funds (ETFs) have demonstrated remarkable strength with $71.3 million in net inflows on November 28th. This follows two days of positive momentum and signals growing investor confidence in gaining exposure to cryptocurrencies through traditional financial channels. Analysts attribute this trend to the continued growth of decentralized finance (DeFi) and increasing interest from institutions.