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Crypto

BlackRock Drives Bitcoin ETF Rebound with Record $216M Inflows

Guavy AI Editorial Team
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BTC
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US-listed Bitcoin exchange-traded funds (ETFs) saw a reversal in fortunes on Monday, as net inflows reached $216.7 million. This came after a previous day of outflows totaling $201.8 million.

The Friday outflows marked the end of a nine-session run that had seen over $3 billion flow into these funds. Bitcoin was trading near $78,700 at the time of writing, up about 1.5% over the past 24 hours, according to CoinGecko.

BlackRock's iShares Bitcoin Trust ETF (IBIT) led Monday's rebound with a staggering $205.9 million in net inflows, accounting for around 95% of the category's daily total.

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