BlackRock’s iShares Bitcoin Trust, the world’s biggest Bitcoin spot ETF, broke its strong momentum on May 30 with a steep $430.8 million in outflows. This marked the end of a 31-day streak of consistent inflows and set a new high for daily losses since the fund began trading in January 2024. Prior to this, the […]
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Bitcoin ETF Market Surges with $887 Million Inflows Reflecting Renewed Investor Confidence
The U.S. spot Bitcoin exchange-traded funds (ETFs) market is experiencing a spike in investor interest, with net inflows reaching their second-highest daily total on June 4, 2024. According to SoSoValue data, these inflows reached a remarkable $887 million, just shy of the record $1.05 billion set on March 12, 2024. This robust performance marks the […]
Bitcoin ETF Volumes Surge On Day Two, Approaching $900 Million: Report
In a remarkable turn of events, the second day of trading for the recently launched Bitcoin exchange-traded funds (ETFs) witnessed an impressive volume surge, nearing the $900 million mark at press time. The momentum on Friday surpassed the opening day’s figures, signifying investors’ growing appetite for Bitcoin-linked financial products. In a recent post on X, […]