7.9 C
Manchester
April 16, 2025
Image default
News

Bitcoin Spot ETF Sees $26.8 Million Net Inflow for 8th Consecutive Day, Led by BlackRock’s $42 Million Surge


On March 26th, COINOTAG reported significant activity in the Bitcoin market, with the latest data from Farside monitoring indicating a robust **net inflow** of $26.8 million into **US Bitcoin spot ETFs**. This marks the eighth consecutive day of capital inflow, showcasing a growing investor confidence in digital assets. Notably, the **BlackRock IBIT** fund experienced a remarkable net inflow of **$42 million**, underscoring its increasing popularity among institutional investors. The sustained inflows suggest a potential shift in market dynamics, as more funds find their way into cryptocurrency investments. This trend highlights the escalating demand for regulated Bitcoin investment opportunities in the wake of evolving regulatory landscapes. Investors should remain vigilant, as these developments may influence market conditions and potentially affect Bitcoin’s price trajectory in the near future.

Source: https://en.coinotag.com/breakingnews/bitcoin-spot-etf-sees-26-8-million-net-inflow-for-8th-consecutive-day-led-by-blackrocks-42-million-surge/



Source link

Related posts

This Week In Crypto Asia: Thai Finance Minister Proposes Unified Licensing For Securities And Crypto Trading

Top 10 Low Cap Cryptos with Huge Potential in 2025

This coin could see a $10b market cap and double-digit price before SHIB gains its 2021 mojo

Leave a Comment