Spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) saw nearly $300 million in net inflows on Monday — the highest since early June when BTC traded over $70,000.
What Happened: Data from SoSoValue shows BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT) led the buying spree with $187 million in net inflows. Fidelity's Fidelity Wise Origin Bitcoin Fund (CRYPTO: FBTC) followed with $61 million. Grayscale's GBTC (OTC:GBTC), known for its outflows, recorded over $25 million in purchases.
Other ETFs showed no inflow or outflow activity. The strong inflows come amid significant selling pressure from sources like the defunct crypto exchange Mt. Gox and a ...