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Bitcoin ETFs Rebound as Blackrock's IBIT Drives $32M Inflow

Guavy AI Editorial Team
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BTC
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Blackrock's IBIT drove $32.11 million into bitcoin ETFs on Wednesday, ending a four-day losing streak.

The influx was led by Blackrock's $89.83 million inflow into its own IBIT, which absorbed a $43.08 million withdrawal from Fidelity's FBTC and a $14.64 million exit from ARK 21Shares' ARKB.

Bitcoin ETF flows seem to primarily be driven by Blackrock's IBIT, with net gains/losses for bitcoin ETFs mirroring IBIT's flows.

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