Bitcoin Spot ETFs Record Explosive Net Inflows of Nearly $500M for Yesterday as BTC Price Breaks $50,000

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Bitcoin Spot ETFs Record Explosive Net Inflows of Nearly $500M for Yesterday as BTC Price Breaks $50,000

The price of Bitcoin (BTC) passed the $50,000 mark yesterday following explosive net inflows into spot BTC exchange-traded funds (ETFs). This was the first time Bitcoin successfully beat $50K since December 2021.

Provisional data provided by investment management outfit Farside Investors reveals that IBIT, the ETF from giant asset manager BlackRock Inc (NYSE: BLK) saw its total holdings rise to $4.1 billion after Monday’s net inflow of $375 million. In addition, Fidelity Investment ETF, FBTC, recorded a net inflow of $152 million, raising its total holdings to $3.2 billion.

GBTC ETF Lost $95 Million

There were also other inflows recorded, with $33 million in Bitwise’s BITB and $40 billion in inflows for ARK Invest and 21Shares’ ARKB. Unfortunately, there were some recorded outflows, with $20.8 million leav...


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Bitcoin Spot ETFs Record Explosive Net Inflows of Nearly $500M for Yesterday as BTC Price Breaks $50,000