Spot Bitcoin exchange-traded funds in the US recorded an eighth consecutive day of positive net inflows.
On Monday alone, they saw inflows of $202.6 million, signaling continued investor interest in Bitcoin despite recent market volatility.
BlackRock’s IBIT made the most significant impact, attracting $224.1 million – the largest single-day inflow for the fund since July 22.
However, other spot Bitcoin ETFs showed relatively weak activity compared to BlackRock’s.
Franklin Templeton’s EZBC and WisdomTree’s BTCW saw minor positive inflows of $5.5 million and $5.1 million, respectively.
However, not all funds posted gains.
Bitwise’s BITB led the outflows, losing $16.61 million, followed by Fidelity’s FBTC, which saw $8.33 million withdrawn. VanEck’s HODL also saw an outflow of $7.18 million.
Meanwhile, other funds, including Grayscale’s GBTC, showed no significant movements.
Ethereum’s proof-of-stake design may offer it a stronger defense against attacks than Bitcoin’s proof-of-work system, according to recent insights from leading researchers in the crypto space.
Galaxy Digital has officially joined the Nasdaq, launching its public listing under the ticker “GLX” in a move CEO and founder Mike Novogratz describes as a pivotal step in the company’s evolution.
A surprising signal of crypto’s quiet advance in mainland China has emerged—this time from the kitchen.
Bitcoin’s recent rally may just be the beginning, according to Bitwise Chief Investment Officer Matt Hougan, who sees a path for the leading cryptocurrency to more than double in value by year-end.