ETF Inflows Signal Long-Term Investor Interest
Bitcoin’s recent dip raised concerns, but ETF inflows have remained strong. Three consecutive days of net inflows into Bitcoin ETFs show that investors are still eager to invest in crypto.
BlackRock’s ETF Leads the Charge
BlackRock’s iShares Bitcoin Trust (IBIT) has seen the highest net inflow, over $144 million in a single day. This brings IBIT’s total net inflow over the past two weeks to over $14 billion.
Wall Street Giants Join the ETF Market
BlackRock has added major Wall Street institutions like Goldman Sachs and Citigroup as Authorized Participants (APs) in their spot Bitcoin ETF prospectus. This is a sign of growing confidence in the future of Bitcoin ETFs.
Volatility Ahead
Experts warn that volatility may be on the horizon for Bitcoin ETFs. However, the sustained demand and support from major financial institutions suggest that these ETFs are well-positioned for the long term.
