Crypto
BlackRock Drives $217M Bitcoin ETF Rebound Amid Ongoing Inflow Streak
Bitcoin (BTC) exchange-traded funds (ETFs) in the US saw a significant rebound on Monday, driven largely by BlackRock's iShares Bitcoin Trust ETF (IBIT), which accounted for nearly all of the category's $216.7 million net inflows.
This marks a reversal from Friday's outflows, which ended a nine-session run that had seen more than $3 billion flow into the funds.
Bitcoin was trading near $78,700 at the time of writing, up around 1.5% over the past 24 hours, according to CoinGecko.
The iShares Ethereum Trust ETF (ETHA) led spot Ether ETF inflows with $59.9 million, marking an 11th consecutive positive session for the funds.