U.S. spot Bitcoin (CRYPTO: BTC) ETFs recorded $561.9 million in net inflows on Monday, snapping a four-day outflow streak.
The Bargain Hunt
BlackRock’s IBIT (NASDAQ:IBIT) and Fidelity’s FBTC (NYSE:FBTC) led the buying with $142 million and $153.4 million in inflows respectively.
Bitwise’s BITB (NYSE:BITB) added $96.5 million, while funds from Grayscale, Ark & 21Shares, VanEck, Invesco, and WisdomTree also posted inflows.
The timing signals conviction. Buyers stepped in after Bitcoin tested $75,000—a nine-month low—and rebounded to roughly $78,500 by Monday’s close.
The inflows ended two consecutive weeks of net outflows totaling $2.82 billion.
Vincent Liu, CIO at Kronos Research, said large allocators are using regulated ETFs to scale exposure as part of macro positioning shifts and portfolio …Full story available on Benzinga.com
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