BlackRock Bitcoin Spot ETF sees net inflows exceed $1 billion

Odaily News Since its approval, BlackRock’s Bitcoin Spot ETF has seen net inflows exceeding US$1 billion, becoming the first Bitcoin Spot ETF among nine new ETFs to reach this milestone. BlackRock and Fidelity accounted for 68% of inflows, with investors depositing $371 million into them on Wednesday, Bloomberg data showed. According to data from Bloomberg Intelligence, a large amount of inflows came from investors who withdrew from GBTC. Rachel Aguirre, BlackRock’s head of iShares U.S. product, said BlackRock has attracted a large number of retail investors from day one and is also focusing on developing investors who are unfamiliar with the crypto space. (Bloomberg)