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CryptoIntelligence 2024-04-20 05:11:00

BlackRock’s Bitcoin ETF Outshines Others with Inflows Amidst Market Turbulence and Upcoming Halving Event

BlackRock’s Bitcoin ETF Outshines Others with Inflows Amidst Market Turbulence and Upcoming Halving Event

BlackRock‘s iShares Bitcoin Trust (IBIT) has emerged as the only spot Bitcoin exchange-traded fund (ETF) in the United States to record inflows over the last two days, setting it apart from its counterparts. While IBIT saw an addition of $73.4 million on April 15, a slight decrease from the previous day’s $111.1 million, the other eight ETFs in the market did not register any new inflows, according to data from Farside Investors. Notably, the only exception to this trend was Grayscale, whose Bitcoin Trust faced significant outflows. In stark contrast to IBIT’s inflows, the Grayscale Bitcoin Trust (GBTC) experienced substantial

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