US-Traded Bitcoin ETFs See $2.4 Billion Inflows in a Month. Experts Say This May Be a Sign of Resilience.

Benzinga

The US-traded spot bitcoin ETFs added $2.4 billion worth of bitcoin over the past month, resuming positive inflows after a period of flat or negative flows. BlackRock's iShares Bitcoin Strategy ETF has crossed $20 billion in assets under management for the first time. As of Monday, June 3rd, IBIT holds over 290,000 bitcoins valued at over $20 billion. The average daily inflow to bitcoin ETFs has been $140 million since May 16th. Experts say the ability to regain investor interest after market downturns shows the resilience and staying power of bitcoin ETFs.

Transcript

00:00It's Benzinga, and here's what's on the block.

00:02The U.S. traded spot Bitcoin ETFs added $2.4 billion worth of Bitcoin over the past month,

00:08resuming positive inflows after a period of flat or negative flows.

00:12BlackRock's iShares Bitcoin strategy ETF has crossed $20 billion

00:16in assets under management for the first time.

00:19As of Monday, June 3, IBIT holds more than 290,000 Bitcoins valued at over $20 billion.

00:26The average daily inflow to Bitcoin ETFs has been $140 million since May 16.

00:32Experts say the ability to regain investor interest at their market

00:35downturn shows the resilience and staying power of Bitcoin ETFs.

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