US spot Bitcoin ETFs add $225M as BlackRock’s IBIT offsets redemptions

U.S.-listed spot Bitcoin exchange-traded funds (ETFs) recorded a total net inflow of $225 million during the latest trading session, signaling a robust return of investor appetite. This positive momentum was largely spearheaded by BlackRock’s iShares Bitcoin Trust (IBIT), which attracted significant capital, effectively offsetting ongoing redemptions from other major funds like the Grayscale Bitcoin Trust (GBTC). Market analysts suggest that the steady inflows into IBIT demonstrate continued institutional confidence in Bitcoin as an investable asset class. While some competitors faced minor outflows, the collective strength of the ‘Newborn Nine’ ETFs helped maintain a positive balance, further solidifying the role of spot ETFs in providing regulated access to the cryptocurrency market for traditional investors.

Source: US spot Bitcoin ETFs add $225M as BlackRock’s IBIT offsets redemptions

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