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Bitcoin ETFs Post Their Best Day in Nearly a Month as BlackRock Does All the Buying
Published Source: DecryptRead original
Crypto Insight Summary: U.S. spot Bitcoin ETFs took in $526.7 million on Monday, their biggest day since Sept. 22. BlackRock's IBIT supplied all of it while Fidelity and Grayscale funds bled. Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large inflows to BlackRock's ETF signal institutional demand but isolated to one fund.