menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Bitcoin ET...
source image

Coindoo

2M

read

0

img
dot

Image Credit: Coindoo

Bitcoin ETFs See $934.8M Inflows, Led by BlackRock’s IBIT in Largest Day Since January Surge

  • Bitcoin ETFs experienced significant inflows totaling $934.8 million, with BlackRock's IBIT leading the surge by attracting $877.2 million, Fidelity's FBTC following with $48.7 million, and ARK Invest's ARKB with $8.9 million.
  • The total inflow marked the largest single-day influx since January, reflecting the increased interest in the crypto markets with Bitcoin nearing all-time highs.
  • BlackRock's IBIT has seen remarkable growth, absorbing over $7.7 billion since April 22, pushing its assets under management to $68.7 billion and making it one of the top five ETFs by year-to-date inflows across all asset classes.
  • The growing institutional confidence in Bitcoin is evidenced by the surge in ETF investments, potentially driving further price appreciation for BTC and signaling a maturing crypto market where ETFs offer a secure and transparent access point for investors.

Read Full Article

like

Like

For uninterrupted reading, download the app