BlackRock Bitcoin ETF Gets Largest Inflow in August as BTC Slips
BlackRock’s leading Spot Bitcoin ETF has seen its largest inflow in a month amid BTCs recent slip. Indeed, the $10 trillion asset manager iShares Bitcoin Trust (IBIT) has observed its largest inflow since July 22. Moreover, it took place as the leading crypto fell below the $64,000 level. It has been a volatile few months for Bitcoin and for its various ETF offerings. Yet, BlackRock has remained in the driver’s seat, with its recent performance looking like a return to form the investment offering. This could especially be true as investors are looking to take advantage of BTC’s underwhelming position. Source: Financial News London Also Read: BlackRock to Launch L2 Network Compatible With Ethereum? BlackRock Bitcoin ETF has Largest Inflow Since July 2024 has been quite the year for Bitcoin. Although it had reached an all-time high of $73,000 in March, it hasn’t enjoyed that level of success since. In the last 30 days, the token has fallen more than 9% according t...