Bitcoin ETFs Flooded with $626M in Net Inflows Over Three Days
US-listed Bitcoin ETFs have seen significant inflows this week. Over three consecutive days, they've attracted $626 million in net inflows. This is according to SoSoValue data.
BlackRock's iShares Bitcoin Trust ETF (IBIT) led the gains with a massive $479 million influx over the period. Its cumulative net inflows now stand at nearly $61 billion, as per Farside Investors data.
The inflows come amidst a brief climb by Bitcoin above $64,920 on Wednesday. The cryptocurrency is currently trading at $64,744.53, up 0.7% over the previous 24 hours, according to CoinGecko.