Posted 3/26/2024, 9:56:38 AM
Bitcoin ETFs See First Inflows in a Week as Fidelity Fund Leads
- After a week of outflows, Bitcoin ETFs saw first day of inflows on Monday, taking in 229 BTC worth about $15 million
- The ETFs had lost nearly $1 billion last week during Bitcoin's volatility
- Fidelity's Bitcoin fund saw the most inflows at $262 million, followed by BlackRock and Franklin Templeton's funds
- Grayscale's GBTC Bitcoin fund has seen $14 billion withdrawn since converting to an ETF in January
- Crypto exchange Coinbase stock is up 14% Monday and 2% Tuesday pre-market, tied to Bitcoin's gains as it custodies BTC for the ETFs