Crypto
Bitcoin ETFs Flooded with $244M as Three-Day Inflows Reach $626M
Bitcoin ETFs have seen significant inflows in recent days, with US-listed spot exchange-traded funds (ETFs) attracting $244.4 million on Wednesday alone.
This brings the three-day total to a staggering $626 million, according to SoSoValue data.
The iShares Bitcoin Trust ETF (IBIT), managed by BlackRock, led the gains with $479 million in net inflows over the three-session period, taking its cumulative net inflows to nearly $61 billion.
This influx of capital came as Bitcoin briefly climbed above $64,920 on Wednesday, with the cryptocurrency trading at $64,744.53 at publication, up 0.7% over the previous 24 hours, according to CoinGecko.