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BlackRock-Driven Bitcoin ETF Inflows Reverse Previous Outflow

Guavy AI Editorial Team
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BTC
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BlackRock's iShares Bitcoin Trust ETF (IBIT) drove a $216.7 million rebound in Bitcoin ETF inflows on Monday, reversing a $201.8 million outflow recorded just two days prior.

This significant shift comes as investors continue to monitor whether institutional demand can sustain the momentum of Bitcoin after its strong August rally.

The concentration of demand in IBIT is notable because BlackRock has repeatedly emerged as one of the largest sources of institutional Bitcoin ETF buying.

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