Bitcoin

Strong

Million

BlackRock

<ul class="news-points">
 <li>Bitcoin ETFs see six days of positive inflows, with a record $310M inflow on Friday.</li>
 <li>Despite a bearish crypto market, U.S. ETFs see an inflow of $1.05B this week.</li>
 <li>Strong performances driven by ETFs of BlackRock (IBIT) and Fidelity (FBTC).</li>
</ul>
The Bitcoin spot exchange-traded fund <a href="https://coinedition.com/bitcoin-etfs-blackrock-and-fidelitys-28-billion-bet-on-the-future/" rel="noopener noreferrer nofollow">(ETF) market</a> is experiencing a growth spurt, with a remarkable sixth consecutive trading day of positive inflows, culminating in the largest net inflow in five weeks.
According to market <a href="https://farside.co.uk/?p=1321" target="_blank" rel="noopener noreferrer nofollow">data</a>, U.S. Bitcoin ETFs pulled in a net inflow of over $310 million on Friday, the highest figure in 25 trading days. Notably, the last time the market saw a larger inflow was on June 5, when the ETF witnessed a $488.1 million net inflow.
On Thursday, U.S. Bitcoin ETFs saw a modest net flow of $79 million, while the previous day’s figure was $147 million, in contrast to the $310 million recorded on Friday. Yesterday’s substantial inflow was driven by a rare occurrence: not a single issuer reported a negative flow for the day.
Even Grayscale’s ETF, historically <a href="https://coinedition.com/grayscale-12b-bleeding-now-sinking-bitcoin-etf-net-flows/" rel="noopener noreferrer nofollow">plagued by outflows</a>, bucked its trend with a notable $23 million positive flow. BlackRock’s IBIT led the pack, with a substantial influx…
The post <a href="https://coinedition.com/bitcoin-etfs-shatter-records-with-310-million-inflow-in-single-day/" rel="noopener noreferrer nofollow">Bitcoin ETFs Shatter Records with $310 Million Inflow in Single Day</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin ETFs Shatter Records with $310 Million Inflow in Single Day

Coin Edition

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