BlackRock's Spot Bitcoin ETF Draws $526M in Net Inflows

BlackRock's iShares Bitcoin Trust (IBIT), a Nasdaq-listed exchange-traded fund (ETF) closely tracking the cryptocurrency's spot price, drew in $526.7 million in investor funds on Monday, preliminary data published by Farside Investors show. That's the highest single-day tally since March, according to data source Coinglass. On Monday, the remaining 10 U.S-listed ETFs fell out of investor favor, attracting a net inflow of just $6.9 million. Bitcoin briefly topped the $68,000 mark on Monday, reaching its highest level in over a month. The buyers, however, failed to penetrate the trendline connecting March and April highs, paving the way for a renewed pullback.

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