The world of Bitcoin exchange-traded funds (ETFs) is witnessing a surge in investor interest and institutional participation, as evidenced by recent developments in the space. BlackRock’s iShares Bitcoin Trust (IBIT) has emerged as a prominent player, attracting substantial inflows and expanding its network of authorized participants (APs).
TLDR
- BlackRock’s iShares Bitcoin Trust (IBIT) saw a substantial net inflow of $308.8 million, bringing its cumulative total net inflow to $14.769 billion.
- BlackRock has added five new authorized participants (APs) to IBIT, including Goldman Sachs, Citigroup, UBS, Citadel Securities, and ABN AMRO, bringing the total number of APs to nine.
- Bitcoin ETFs witnessed their fourth consecutive day of net inflows, signaling a bullish trend among investors.
- Mainland Chinese fund companies are leveraging their Hong Kong subsidiaries to explore spot Bitcoin ETFs, signaling their keen…
