Cryptocurrency1h ago
Live updates: Bitcoin ETFs take $731 million, their biggest day since January
AI EXECUTIVE SUMMARY
Spot Bitcoin exchange-traded funds recorded a massive $731 million in net inflows on Thursday, marking their strongest single-day performance since January. Concurrently, all funds within the sector experienced nearly a 6% increase in value, pushing total net assets past the $103 billion milestone for the first time. BlackRock's IBIT fund drove the majority of the activity, capturing more than half of the day's total capital influx.
WHY IT MATTERS
This record-breaking capital influx highlights surging institutional demand and a major valuation milestone for spot Bitcoin exchange-traded funds.
Every fund in the complex rose almost 6% on Thursday and net assets crossed $103 billion for the first time. BlackRock's IBIT accounted for well over half the money.
This story was originally reported by CoinDesk. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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