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BlackRock Dominates Spot ETF Inflows as Bitcoin Price Holds Steady

Guavy AI Editorial Team
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BTC
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The price of Bitcoin remained relatively stable around $65,100 as institutional investors directed a net inflow of $853.54 million into US-registered spot Bitcoin ETFs during the week ending August 7.

This is the strongest weekly inflow for such funds since mid-April, with BlackRock's IBIT receiving $693 million of this capital.

This influx of funds comes at a time when the market appears to be stabilizing, despite a negative backdrop including a multimillion-dollar Coldcard hack and rising government bond yields.

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