US spot Bitcoin ETFs recorded a net inflow of $225.2 million, driven by significant contributions from BlackRock's iShares Bitcoin Trust (IBIT), which attracted $322.4 million. This influx helped offset redemptions from other products, including Fidelity's Wise Origin Bitcoin Fund and Grayscale Bitcoin Trust ETF, which saw outflows of $89.3 million and $28.2 million, respectively. The overall positive trend marks a shift after five weeks of outflows totaling nearly $4 billion.
Despite the inflows, the broader crypto market remains cautious amid geopolitical tensions and macroeconomic uncertainties. Bitcoin's price rose 5.4% over the past week, stabilizing investor sentiment. However, Ether funds experienced $10.8 million in outflows, reflecting a risk-off sentiment. Meanwhile, XRP and Solana funds saw modest inflows, indicating selective demand for specific tokens. The market's mixed signals highlight the ongoing debate over Bitcoin's role and the evolving landscape of crypto ETFs.
US Spot Bitcoin ETFs See $225M Inflows as BlackRock's IBIT Leads
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