Posted 2/29/2024, 7:53:41 PM
BlackRock's Bitcoin ETF Sees Massive Inflows as Crypto Interest Soars
- BlackRock's new Bitcoin ETF received over $612 million in inflows yesterday, part of $673.4 million total inflows across 10 spot BTC ETFs
- BlackRock's ETF now has over $8.5 billion in assets under management, while Grayscale's Bitcoin fund saw $216 million in outflows
- Interest in Bitcoin ETFs is being driven by both institutional and retail investors
- BTC price surged to over $63k before dropping back below $61k, up over 40% in the past week
- BlackRock filed to launch a spot Ethereum ETF in November, looking ahead to other cryptos beyond Bitcoin