Summary
Investors are putting cash into Bitcoin ETFs again after a cool off last week. Over $100 million entered the funds for three consecutive days. The most popular product is BlackRock’s iShares Bitcoin Trust, which has the most assets under management. Despite one fund experiencing outflows, other ETFs are seeing massive inflows. Bitcoin has increased nearly 50% since ETF approval in January.
Key Points
1. Investors are putting cash into Bitcoin exchange-traded funds (ETFs) after a cool off last week, with more than $100 million entering the funds for the third consecutive day in a row.
2. The most popular Bitcoin ETF remains BlackRock’s iShares Bitcoin Trust (IBIT), which has the most assets under management of the nine funds, experiencing inflows of $17.7 billion.
3. The Securities and Exchange Commission (SEC) gave the green light to 11 Bitcoin ETFs in January, allowing investors to buy shares that track the underlying price of the biggest cryptocurrency by market cap.