Markets· ★★★· bullish·

US spot bitcoin ETFs draw $159.5M, led by BlackRock's IBIT

  • —Net inflow into US bitcoin ETFs was $159.5 million for the day
  • —IBIT attracted $183.7 million, driving the overall positive total
  • —FBTC saw $16.6 million withdrawn, HODL $7.6 million
  • —The inflows followed two straight days of outflows: $450.4 million and $295.9 million
Why it matters: The return of inflows signals a recovery in institutional demand for bitcoin after two days of selling.
#BTC
Source: Bloomingbit
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