The US spot Bitcoin ETFs appear to be slowly recovering as the collective inflows reached $21.52 million on June 26th, continuing with the positive momentum that began on Tuesday.
It is important to understand that BlackRock’s activity has been on a downtrend, with only two minor inflows since June 14, both under $2 million. This lack of inflows, however, does not necessarily mean that there’s no trading activity but rather that the net flow isn’t significant enough to require share adjustments.
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BlackRock’s IBIT overtakes GBTC as the world’s largest Bitcoin ETFBlackRock's IBIT surpasses Grayscale's GBTC as the largest Bitcoin ETF with $102.5 million in inflows. As of May 28, IBIT holds 288,670 BTC compared to GBTC's 287,450 BTC. BlackRock’s Bitcoin ETF now leads the market.
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