Capital poured into US-listed Bitcoin exchange-traded funds this week, with Tuesday alone witnessing nearly $1 billion in fresh cash. The rush propelled weekly inflows to $1.2 billion and total assets under management (AUM) to $103 billion, based on Bloomberg data. The investment deluge occurred while Bitcoin’s price rose above $93,000, reaching $93,700 – its highest since early March. Related Reading: Bitcoin Rockets To Monthly Highs As Open Interest Explodes By Over $3 Billion BlackRock Fund Remains Top Dog Among Rivals BlackRock’s iShares Bitcoin Trust (IBIT) remains at the forefront with year-to-date inflows of $2.7 billion. The fund took in another $346 million last week alone. Ark Invest’s ARKB and Grayscale’s Bitcoin funds lag behind with significantly smaller year-to-date inflows of $410.41 million and $385.31 million. Not everything is coming up roses, however. Grayscale’s GBTC has seen $1.18 billion of outflows since January, going against the overall positive tide. The spot bitcoin ETFs went Pac-Man mode yesterday, +$936m, $1.2b for week. Also notable is 10 of 11 of the originals all took in cash too. Good sign to see flow depth vs say $IBIT doing 90% of the lifti ..
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