BlackRock Drives Bitcoin ETF Rebound
US-listed spot Bitcoin exchange-traded funds (ETFs) reversed their trend of outflows, seeing $216.7 million in net inflows on Monday.
This turnaround was largely driven by BlackRock's iShares Bitcoin Trust ETF (IBIT), which saw $205.9 million in net inflows and accounted for approximately 95% of the category's daily total.
Bitcoin itself is trading near $78,700 at the time of writing, up around 1.5% over the past 24 hours according to CoinGecko.
In related news, Ether ETFs extended their inflow streak to 11 sessions, while XRP and Solana funds each recorded a 10th consecutive positive session.