On Monday, U.S. Bitcoin ETFs saw positive momentum, thanks to BlackRock’s IBIT fund. After a strong $2.12 billion in inflows last week, the 11 funds brought in $294.29 million worth of Bitcoin. BlackRock’s IBIT fund stood out, purchasing $329.03 million, which single-handedly pushed the day’s net inflows into positive territory. Fidelity’s FBTC fund also added $5.90 million, showing modest gains.
However, not all funds had a good day. Four ETFs recorded outflows, led by Bitwise’s BITB, which saw $22.08 million exit. VanEck’s HODL followed with $7.64 million in outflows, while ARK Invest’s ARKB and Grayscale’s GBTC lost $6.07 million and $4.85 million, respectively.
Several funds remained inactive, without any inflows or outflows for the day. These included Invesco’s BTCO, Valkyrie’s BRRR, Grayscale’s BTC, Franklin Templeton’s EZBC, and WisdomTree’s BTCW.
Bitcoin’s price, which had hovered around $69,000 over the weekend, began to slide on Monday. The cryptocurrency dropped below the $68,000 mark and, at the time of writing, was priced at $67,315 according to CoinMarketCap data.
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