
Bitcoin ETFs Saw $220M in Inflows Despite BlackRock’s Selloff, Trump’s Tariff War
The cryptocurrency market has been experiencing significant volatility in the past few days due to the escalating trade tensions and tariffs imposed by the US government. This turmoil seems to have had a mixed impact on the Bitcoin Exchange-Traded Funds (ETFs), as they reported $220 million in inflows despite BlackRock, one of the largest asset managers, seeing outflows from its funds.
According to recent data, the total inflow for all Bitcoin ETFs reached $220 million, which is a significant increase compared to previous periods. However, it’s worth noting that this growth was largely driven by Grayscale’s Ethereum Trust (ETHE), which saw a massive influx of capital. In contrast, BlackRock’s iShares Bitcoin Strategy ETF (BITW) witnessed an outflow of around $115 million.
It is essential for investors to recognize that this market volatility can have a significant impact on the overall performance of their investment portfolios.
Source: https://www.coinspeaker.com/bitcoin-etfs-220m-inflows-despite-blackrock-selloff-trump-tariff-war/