Crypto
Bitcoin ETF Inflows Reach $2.84 Billion as Price Stalls Below $87K
Bitcoin ETF inflows reached $2.84 billion over six trading sessions, according to Farside Investors' data.
The majority of this influx came from BlackRock's iShares Bitcoin Trust, which accumulated approximately $1.35 billion during the period, representing nearly half of the total flows.
BlackRock's IBIT captured 48% of the combined inflows, followed by Fidelity's Wise Origin Bitcoin Fund and Bitwise's BITB.
The Bitcoin price stabilized around $84,000 after retreating from its recent high of $87,000, with some analysts speculating that ETF demand may not be enough to push prices higher without sustained spot demand.