Bitcoin ETFs Flip to Net Inflows as Ethereum Funds Bleed
US spot Bitcoin ETFs saw a significant turnaround in just one day, reversing net outflows of over $200 million to draw in $101.15 million in new capital.
The sudden shift was led by BlackRock's IBIT, which alone attracted $115.45 million, exceeding the entire group's net inflow figure.
Grayscale's mini Bitcoin product took in $30.42 million, while Morgan Stanley's MSBT and Bitwise's BITB added $7.3 million and $4.19 million respectively.
However, Grayscale's legacy Bitcoin product GBTC suffered a net outflow of $56.21 million, marking the only loss among the group.