Bitcoin ETFs in the US See $870 Million Inflows as BlackRock's IBIT Leads at $629 Million

On Tuesday, U.S. spot bitcoin ETFs experienced a significant increase in net inflows, with BlackRock's IBIT leading at $629 million. This coincided with bitcoin's price nearing its all-time high, driven by pre-election market volatility expectations. The net inflows of over $870 million mark the third-highest such figures since the products first went live in January. The inflows were led by BlackRock's IBIT, followed by Fidelity's FBTC, Bitwise's BITB, Grayscale's mini bitcoin trust (BTC), VanEck's HODL, and Ark's ARKB.