Massive Capital Inflow! BlackRock's Bitcoin Trust Leads the Way, Rising for 13 Consecutive Days!

Despite the overall market slump, BlackRock's iShares Bitcoin Trust is making a strong comeback! In just one day, it attracted $270 million, surpassing 2,841 Bitcoins, setting a new record for consecutive inflows at 13 days, with a cumulative total reaching $3.4 billion! However, the overall Bitcoin spot ETF is weak, with a net outflow of $36.29 million. Other major funds such as ARK, Bitwise, and VanEck have also experienced significant outflows, resulting in massive capital loss.

The Ethereum market is similarly sluggish, with Grayscale's Ethereum Trust continuing to face huge outflows, totaling over 8,200 ETH. The only fund that managed to achieve capital inflow was Fidelity's Ethereum Fund, attracting about $5.97 million, indicating a slight confidence in the market.