GBTC - Bitcoin Spot ETFs Stop Losing Streak: Is $100K Back On The Table? | Benzinga
After a week of investor jitters, Bitcoin spot ETFs saw a significant reversal of fortune.
What Happened: Bitcoin spot ETFs recorded a net inflow of $15.7 million on Monday, March 25.
This positive shift comes on the heels of five consecutive days of net outflows. According to data from SoSoValue, the turnaround was driven primarily by Fidelity’s Wise Origin Bitcoin ETF (BATS:FBTC).
The ETF raked in a staggering $261 million in net inflows.
BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) also contributed positively, recording a net inflow of $35.48 million.
This surge in investor appetite stands in stark contrast to the sizeable net outflow of $350 million ...