BlackRock’s IBIT Leads Spot Bitcoin ETF Inflows with $526.7M
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Bitcoin ETFs have extended their positive streak to a 12th day. BlackRock’s IBIT stole the limelight on Monday with massive inflows. Other funds seemed to have fallen out of favor with investors. BlackRock's iShares Bitcoin Trust (IBIT) recorded hundreds of millions in inflows on Monday, marking its highest single-day funds intake since March 13. IBIT dethroned Grayscale’s GBTC as the world’s largest spot Bitcoin ETF on May 28 after amassing 288,670 BTC in net assets. Investors have poured $19.5 billion into BlackRock's crypto fund since it began trading on January 11. Spot Bitcoin ETF Flows on July 22 According
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