BlackRock Bitcoin ETF Investors Hold the Line as Markets Rebound
As Bitcoin briefly plunged below $50,000 Monday, investors in BlackRock’s spot Bitcoin ETF were among some of the most steadfast investors in the crypto market. Despite Bitcoin’s price falling 10% in the past week, investors in BlackRock’s $19 billion product haven’t flinched, so far. While some spot Bitcoin ETFs have seen millions of dollars in outflows over the past few days, the iShares Bitcoin Trust (IBIT) has held the line. After IBIT flows were flat Monday and Tuesday, the fund saw inflow...