Posted 2/29/2024, 7:12:00 PM
Bitcoin ETFs See Record Inflows as BlackRock's IBIT Stays Hot
- BlackRock's bitcoin ETF (IBIT) is among the top 10 most traded ETFs during the day, with over $1B in trading volume for the 4th straight day
- Demand for spot bitcoin ETFs accelerated this week, notching a record $673M net inflow on Wednesday per BitMEX data
- IBIT alone attracted $612M of inflows on Wednesday, a record high
- Bitcoin is having a quieter session on Thursday, hovering around $61K, down 0.3% over 24 hours
- The CoinDesk 20 Index is outperforming bitcoin, up over 3%