Bitcoin Spot ETFs See $224 Million Net Inflows Led by BlackRock

BlackRock’s iShares Bitcoin Trust contributed $193 million, raising total ETF net assets to $122.43 billion, according to SoSoValue data.

BTC

Summary

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Terms & Concepts
  • Bitcoin Spot ETF: An exchange-traded fund that directly holds Bitcoin, allowing investors exposure to its market price without owning the cryptocurrency.
  • Net Asset Value (NAV): The total value of an investment fund’s assets minus liabilities, representing its per-share value.
  • iShares Bitcoin Trust (IBIT): A Bitcoin-focused investment product by BlackRock designed to give investors direct exposure to Bitcoin’s price movements.