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Breaking: Bitcoin ETFs Saw $1.7B Net Inflow Last Week, Bloomberg Analyst Hints At Fall

source-logo  coingape.com 02 March 2024 11:55, UTC

Spot Bitcoin ETFs net flows were negative on Friday despite significant inflows recorded by BlackRock, Fidelity, Bitwise, and Ark 21Shares Bitcoin exchange-traded funds (ETFs). The Genesis and Gemini situation took a toll on the Bitcoin ETF net flows as GBTC outflow rate grew in the last few days. However, the week was great for Bitcoin ETFs with a $1.7 billion net inflow.