Bitcoin ETFs post third straight weekly inflows despite $465 million in late-week losses
CoinDesk·
60-second summary
Bitcoin ETFs experience their third consecutive week of inflows, despite a late-week downturn of $465 million. BlackRock's IBIT product accounts for nearly $415 million of the outflows, the majority of the activity. The inflows suggest investor interest remains strong, with many seeking exposure to the cryptocurrency market through traditional financial instruments, despite recent price volatility.
The vast majority of the activity was concentrated in BlackRock’s IBIT product accounting for nearly $415 million of the outflows.