Bitcoin ETFs Attract $853 Million in Inflows, BlackRock Dominates Market
Bitcoin ETFs recorded $853.54 million in inflows last week, the strongest since mid-April, with BlackRock's IBIT capturing 81% of this total. This concentration raises questions about the breadth and cause of the recent market rebound.
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'Overwhelming Demand' for Crypto ETFs: Mitchnick
Robert Mitchnick, head of digital assets at BlackRock, joins Isabelle Lee and Eric Balchunas on "Bloomberg ETF IQ." Hackers have stolen more than $130 million worth of Bitcoin from thousands of supposedly secure cold wallets in recent days. The Coldcard wallet hack may strengthen the case for spot Bitcoin ETFs by undermining confidence in self-custody among investors. (Source: Bloomberg)
Bitcoin ETF News: BlackRock Captured 81% of ETF Inflows in August Surge
Bitcoin ETFs drew $853.54 million in a week, but BlackRock's IBIT captured 81%, raising questions about the rebound's breadth and cause. The post Bitcoin ETF News: BlackRock Captured 81% of ETF Inflows in August Surge appeared first on 99Bitcoins .
Bitcoin investors pour $853 million into spot ETFs. BlackRock’s IBIT claims the bulk
Bitcoin ETFs recorded $853.54 million in net inflows last week, the strongest since mid-April, with BlackRock’s IBIT taking the bulk.