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BlackRock-Driven Rebound Sees Bitcoin ETFs Swing $217 Million

Guavy AI Editorial Team
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BTC
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BlackRock's influence in the cryptocurrency market has once again been felt, as its iShares Bitcoin Trust ETF (IBIT) led a $217 million rebound in US-listed spot Bitcoin exchange-traded funds (ETFs).

The Monday influx of capital into Bitcoin ETFs was a reversal of the $201.8 million in withdrawals recorded on Friday, according to SoSoValue data.

This comes as the price of Bitcoin (BTC) neared $78,700, up about 1.5% over the past 24 hours, according to CoinGecko.

While BlackRock's IBIT accounted for almost all of the category's daily inflows at $205.9 million, other funds like Fidelity's Wise Origin Bitcoin Fund (FBTC) and Bitwise Bitcoin ETF (BITB) also saw some activity.

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