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Inflows for Bitcoin ETFs Reach $20 Billion in Just 10 Months

  • Spot Bitcoin Exchange-Traded Funds (ETFs) have processed over $20 billion worth of inflows in the last ten months, with BlackRock's Bitcoin ETF iShares receiving the most inflows.
  • Investors have been withdrawing significant amounts from Grayscale's Bitcoin ETF, GBTC, after the SEC allowed investors to cash out their gains following its conversion to an ETF.
  • However, Grayscale's Bitcoin ETF has started recording net inflows in the past five weeks, with $135 million worth of inflows.
  • The surge in inflows for Bitcoin ETFs can be attributed to a conducive regulatory environment and the boost in investors' appetite for risky assets after the Fed cut rates.

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