Bitcoin ETFs See Major Inflows, Over $1 Billion Recorded

Bitcoin exchange-traded funds (ETFs) experienced a significant surge in investor interest, prompting nearly $1 billion in inflows on Thursday alone. This coincided with Bitcoin hitting a new record high of $111,814, according to CoinGecko data. BlackRock’s IBIT ETF accounted for almost the entire influx, totaling $877 million – marking one of the largest single-day inflows for the fund since its launch in early 2024. In just under a month, IBIT has accumulated nearly $900 million in inflows. Fidelity’s FBTC ETF trails significantly behind with only $49 million in inflows. Read the original article on U.Today.