Crypto News – This is the eighth trading day in a row that net inflows into Bitcoin ETFs have slightly increased, indicating investors’ increasing interest in these products.
Investor Interest in Bitcoin ETFs: BlackRock Announces Reaching $3.2 Billion
As reported by BitMEX Research, BlackRock IBIT is the leader of the group with a net inflow of $137 million, bringing its total to a remarkable $3.2 billion. That being said, as of press time, seven out of the ten ETFs had reported zero inflows for the day—the only day on which more than four ETFs had failed to report inflows.
Surprisingly, only Grayscale Bitcoin Trust (GBTC) has since the SEC’s spot Bitcoin approval reported outflows. Furthermore, the overall net outflows for GBTC exceeded $6 billion as its outflows tapered down to $108 million, the lowest since the first day of trade.
Net inflows of $1.5 billion, or around 33,611 BTC, have been made into the industry since the ETFs’ launch. This data shows that interest in Bitcoin ETFs is growing.