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CryptoIntelligence 2024-03-28 15:24:11

Surge in Investor Confidence: U.S. Spot Bitcoin ETFs Attract $418 Million in One Day, Led by Fidelity and BlackRock

Surge in Investor Confidence: U.S. Spot Bitcoin ETFs Attract $418 Million in One Day, Led by Fidelity and BlackRock

In the recent financial landscape, the United States spot Bitcoin exchange-traded funds (ETFs) have witnessed a remarkable resurgence in investment, marking a significant turnaround after experiencing a series of net outflows over five days. This rejuvenation was particularly evident on March 26, when the 10 newly sanctioned spot Bitcoin ETFs collectively attracted a net inflow of $418 million, as reported by Farside Investors data. Among these, BlackRock’s and Fidelity’s funds were at the forefront, channeling robust inflows that underscored investor confidence. Fidelity’s Bitcoin ETF, in particular, showcased its strongest daily inflow since March 13, securing an impressive $279.1 million on

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125
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