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Spot Bitcoin ETFs have been riding a wave of optimism, securing a significant $213 million in net inflows, marking the third straight day of gains. This comes despite the only net outflow recorded in the past ten days on April 1, which saw a reduction of $85.8 million and a subsequent drop in Bitcoin’s price to $65,000. The shift indicates a bullish sentiment among investors, contrasting with Grayscale’s GBTC which faced a $198 million reduction on April 6, pushing its total withdrawals to a staggering $15.51 billion. In the spotlight, BlackRock’s iShares Bitcoin Trust (IBIT) led with a remarkable $308 million inflow on the same day, totaling $14.77 billion in inflows. This surge aligns with BlackRock’s recent update to its Bitcoin ETF prospectus, incorporating prestigious Wall Street names as new authorized participants, highlighting the growing mainstream acceptance of Bitcoin investments.
