Crypto
Bitcoin ETFs Draw $159M as Zcash Sees Strong Inflows
Bitcoin ETFs drew in $159.45 million on Thursday, marking a return to inflows after a period of outflows. The largest contributor was Blackrock's IBIT, which attracted $183.66 million, more than its net gain for the day.
Fidelity's FBTC recorded an outflow of $16.64 million, while Vaneck's HODL lost $7.57 million. Daily trading value reached $2.81 billion, with net assets closing at $95.19 billion.
Despite the inflows for bitcoin ETFs, weekly net flows remain in the red. Bitcoin's price rose by almost 6% to hit $80,000 on Thursday, following a volatile week shaped by tighter monetary policy and shifting risk appetite.