MARKET REPORT
Spot bitcoin ETFs draw $853 million in weekly net inflows, most since mid-April
Executive takeaway
US spot bitcoin ETFs recorded $853.54 million of net inflows last week, the strongest weekly total since mid-April, with BlackRock's IBIT accounting for the majority of the money.
US-listed spot bitcoin exchange-traded funds took in $853.54 million in net new money last week, according to figures reported by CoinDesk. That is the strongest weekly inflow figure for the product group since mid-April.
BlackRock's iShares Bitcoin Trust (IBIT) accounted for the bulk of the total, continuing the concentration of flows in the largest fund in the category.
Weekly ETF flow data is one of the few near-real-time measures of institutional and advisory demand for bitcoin exposure through regulated wrappers. No other details on individual fund breakdowns were disclosed in the report.
Wire sources cited
Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.