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Bitwise’s BITB led the outflows, losing $16.61 million, followed by Fidelity’s FBTC, which saw $8.33 million withdrawn.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.
Peter Brandt, a renowned market analst, has warned that Bitcoin is unlikely to deliver the same level of wealth to investors as it did in its early years.
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Tom Lee, a prominent investment strategist and co-founder of Fundstrat Global Advisors, has once again stirred up excitement in the cryptocurrency space with a bold forecast for Bitcoin.
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