Inflows into spot Bitcoin ETFs skyrocketed once again on Monday, to a total of $667 million. BlackRock’s iShares Bitcoin Trust (IBIT) led the inflow with significant contributions coming this time from Fidelity’s FBTC, and Ark Invests’ ARKB. BTC price has bounced back strongly by 3% today, trading above $105,565 levels. Also, technical charts show the ‘golden cross’ pattern formation, driving strong bullish sentiment. BlackRock Leads Spot Bitcoin ETF Inflows Once Again On Monday, BTC ETFs recorded net inflows of $667 million, of which BlackRock’s IBIT contributed a total of $306 million in inflows. IBIT has dominated a large part of the inflows recorded on 23 of the last 24 trading days, according to market analyst Nate Geraci. In total, the ETF has garnered approximately $6.5 billion in new investments, reflecting strong confidence in Bitcoin’s prospects. Over the past four trading days alone, the fund received an additional $1.1 billion. On Monday,… Read More at Coingape.com
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