Blackrock Powers Bitcoin ETFs to $321 Million Inflow as AUM Climbs Past $121 Billion 💹
Bitcoin exchange-traded funds (ETFs) have seen a strong inflow trend, with $321 million in net entries primarily driven by Blackrock and Fidelity. The total assets under management (AUM) for these funds have climbed past $121 billion, showcasing the growing interest in cryptocurrency investments through regulated financial products.
In parallel developments, Ether ETFs, which had been experiencing a three-day outflow streak, have also witnessed a turn of fortunes with a modest $18 million inflow. This inflow was led solely by Blackrock, indicating the continued market interest in Ethereum alongside Bitcoin.
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