BlackRock's Bitcoin ETF Sees $216M Inflow Rebound

BlackRock's Bitcoin ETF saw significant inflows on Monday, totaling $216.7 million in net inflows, marking a rebound after a nine-session run of withdrawals that accumulated to over $3 billion. This comes as Bitcoin traded near $78,700, up around 1.5% in the past 24 hours.

The iShares Bitcoin Trust ETF (IBIT), managed by BlackRock, led the charge with $205.9 million in net inflows, accounting for nearly 95% of the category's daily total. Fidelity's Wise Origin Bitcoin Fund and Bitwise Bitcoin ETF also saw inflows, but to a much lesser extent.

BlackRock was not the only player seeing significant inflows. Ether ETFs extended their streak to 11 consecutive trading sessions, with $87.7 million in net inflows on Monday. Solana and XRP funds each recorded a 10th positive session, although Solana's daily inflow slowed significantly.