CryptoMarkets

Bitcoin ETFs Post Their Best Day in Nearly a Month as BlackRock Does All the Buying

Summary

United States spot Bitcoin exchange-traded funds recorded their strongest daily performance in almost four weeks on Monday. The substantial inflows were driven entirely by BlackRock's fund, while competing products from other issuers experienced capital outflows.

U.S. spot Bitcoin ETFs took in $526.7 million on Monday, their biggest day since Sept. 22. BlackRock's IBIT supplied all of it while Fidelity and Grayscale funds bled.

Source: Read the full story at Decrypt

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