BlackRock Bitcoin ETF sees $269M inflows, best day since early March
Fidelity and Morgan Stanley’s Bitcoin ETFs also saw a combined $68.2 million in inflows, while four other Bitcoin ETFs also tallied inflows on Thursday.
Investors piled $269.3 million into BlackRock’s iShares Bitcoin Trust on Thursday, in its best-performing day since early March, around the time the US-Iran war started to kick into high gear.
The inflows helped to end two days of net outflows among the 12 US spot Bitcoin ETFs, which recorded a net inflow of $358.1 million.
Bitcoin ETF inflows are just one way to gauge retail and institutional demand for Bitcoin.