Market Turmoil Sparks Shift in Investor Sentiment as Bitcoin ETFs See Unprecedented Inflows
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Bitcoin ETFs have experienced a significant rebound, as investors poured in $91.5 million in net inflows after four consecutive days of outflows. This sudden change has surprised many experts who were expecting a continued decline in investor interest due to the recent market volatility.
According to reports from SoSoValue, BlackRock’s iShares Bitcoin Trust (IBIT) took the lead with an impressive $42 million influx, followed closely by Bitwise’s BITB and Grayscale’s GBTC, which received $26.4 million and $14.5 million respectively.
It’s worth noting that ARK Invest’s ARKB was the only major fund to experience outflows, losing a significant $5.37 million.
Despite this sudden inflow, Bitcoin itself continues to consolidate within a tight range between $140,000 and $150,000, leaving market participants uncertain about the next course of action.
Source: www.tronweekly.com
