"BlackRock's Bitcoin ETF Shakes Up Market with $3 Billion Inflows and Altcoin Surge"
TL;DR Summary
BlackRock leads a surge in net flows to US-based Bitcoin ETFs, with total inflows reaching $3 billion in just three days, doubling cumulative net flows for 10 Bitcoin ETFs. Outflows for Grayscale's GBTC are decreasing, and spot Bitcoin ETFs are expected to surpass annual estimates. BlackRock and Fidelity dominate the ETF race, while a "fee war" to reduce management fees continues. The bullishness around spot Bitcoin ETFs has been a key driver behind Bitcoin's recent rally, with Grayscale's GBTC holding $22.9 billion in Bitcoin.
- Analysts rip up old estimates after BlackRock leads $3bn in Bitcoin ETF inflows DLNews
- Bitcoin ETF First Month Is in the Books: How It Went and What Comes Next CoinDesk
- BlackRock's Bitcoin ETF passes 100K BTC under management Cointelegraph
- Spot Bitcoin ETFs Own Almost 5% of All the Bitcoin Currently in Existence Markets Insider
- Ethereum and Cardano Lead Institutional Altcoin Inflows As $1,100,000,000 Hits Crypto ETPs: CoinShares The Daily Hodl
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