BlackRock Drives Record-Breaking $217M Bitcoin ETF Rebound
The US-listed spot Bitcoin exchange-traded funds (ETFs) saw a rebound in inflows on Monday, led by BlackRock. According to SoSoValue data, Bitcoin ETFs recorded $216.7 million in net inflows after seeing $201.8 million in withdrawals the previous day.
This marks a reversal of the nine-session run that brought more than $3 billion into the funds. At the time of writing, Bitcoin (BTC) was trading near $78,700, up about 1.5% over the past 24 hours, according to CoinGecko.
BlackRock's iShares Bitcoin Trust ETF (IBIT) led the rebound with $205.9 million in net inflows, accounting for about 95% of the category's daily total. Fidelity's Wise Origin Bitcoin Fund (FBTC) added $6.9 million, followed by the Bitwise Bitcoin ETF (BITB) with $4.3 million.
Morgan Stanley's Bitcoin Trust added $3.6 million, while Grayscale's Bitcoin Mini Trust attracted $9.4 million. The only fund to record withdrawals was VanEck's Bitcoin ETF (HODL), posting $13.4 million in net outflows.