Crypto
Blackrock-Driven Bitcoin ETF Inflows Surge to $854M
Bitcoin ETFs attracted a significant amount of investment in the first week of August, with $853.54 million pouring in.
This marks their strongest weekly performance since April 17, and is a sign that investors are cautiously increasing their exposure to crypto assets.
The main driver of these inflows was Blackrock's IBIT fund, which contributed over 80% of the total amount invested.
Other altcoin ETFs like XRP, Solana, and HYPE also saw modest inflows, indicating a broadening interest in cryptocurrencies from institutional investors.