Friday, 26 April 2024

BlackRock iShares Bitcoin Trust (IBIT) Sees Zero Inflows, Ending 71-Day Streak

by BD Banks


BlackRock’s iShares Bitcoin Trust (IBIT) has experienced a significant shift in investor sentiment, with zero inflows recorded for the first time since the introduction of Bitcoin ETFs in the US. This marks the end of a 71-day streak during which the ETF consistently attracted millions of dollars in daily investments. While other Bitcoin ETFs also experienced a slowdown in inflows, Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF managed to secure inflows of $5.6 million and $4.2 million respectively. (Read More)
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