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Crypto

Bitcoin ETFs Surge with $101M Inflow as Altcoin Demand Cools

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin exchange-traded funds (ETFs) saw a significant influx of $101.15 million in fresh capital on Wednesday, led by Blackrock's IBIT with an impressive $115.45 million inflow.

This marks a turnaround for bitcoin ETFs, which had slipped into redemptions the day before.

Grayscale's Bitcoin Mini Trust added another $30.42 million to the mix, while Morgan Stanley's MSBT brought in $7.30 million and Bitwise's BITB added $4.19 million.

However, Grayscale's GBTC moved against the trend with a loss of $56.21 million.

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