30 Fund Managers Have Declared Ownership Of BlackRock’s Bitcoin ETF, “Tip Of The Iceberg,” Says Expert
Summary
Blackrock's IBIT Bitcoin ETF leads in inflows, attracting 30 fund managers, signaling growing institutional interest. Fidelity's FBTC ETF is the runner-up. ETF expert Eric Balchunas notes cautious institutional "nibbling" at Bitcoin exposure. ETF flows depend on creation units and market makers. Blackrock's IBIT recorded net inflows of $73.4 million, while other ETFs saw zero flows. BTC is trading at $61,800, down 4% in 24 hours and 10% in seven days.
