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Bitcoin ETF daily inflows breaks $1B
The United States recently approved spot Bitcoin exchange-traded funds (ETFs) experienced another day of record-breaking inflows on March 12.
Blackrock’s IBIT product also saw significant activity, registering a record inflow of $849 million shortly after it reported having over 200,000 BTC assets under management earlier in the week. During a recent interview, Brian Rudick, a Research Analyst at GSR, told The Block, “The success of U.S. spot Bitcoin ETFs has far exceeded even the most positive forecasts. Potential factors that could drive further inflows include increased sales efforts by issuers, inclusion in wealth manager portfolios, and the normalization of outflows from GBTC.”
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