Crypto
Bitcoin ETFs Surge to Nearly $1 Billion in Inflows Amid Market Volatility
The past week was a remarkable one for Bitcoin ETFs, which saw net inflows of nearly $1 billion. This is despite a brief downturn on September 1, when there were net outflows of $236 million.
Thursday proved to be the standout day, with an impressive $730.87 million in new investments. This was the highest amount since January and marked a significant shift from the previous week's losses.
The cumulative net inflows now stand at $55.62 billion, up from $51.79 billion just a couple of weeks ago. BlackRock's IBIT remains the largest ETF in this space, with over $62.6 billion in assets under management.