CoinScoopBitcoin ETFs See Nearly $1 Billion Inflows as Bull Market Sentiment Returns
U.S. spot Bitcoin ETFs recorded $999 million in net inflows on Monday, marking the highest single-day investment since October 6. BlackRock's iShares Bitcoin Trust led the inflows with $381.4 million, followed by ARK 21Shares and Fidelity. Analysts suggest that cooling interest in AI stocks and U.S. Treasury liquidity operations have bolstered Bitcoin's appeal, with CryptoQuant noting that the asset has surpassed its 365-day moving average, signaling an end to the bear market.
Summaries are written by AI from the original article. Not investment advice.