Global investment bank Goldman Sachs has reported holdings of $ 418 million in spot bitcoin exchange-traded funds (ETFs) in the second quarter. Its biggest position is a $ 238 million stake in Blackrock’s Ishares Bitcoin Trust (IBIT). In contrast, Morgan Stanley reduced its bitcoin ETF holdings. Meanwhile, hedge funds are taking a more …
US Spot Bitcoin ETFs Rebound With $418 Million Inflow
On Monday, the U.S. spot bitcoin exchange-traded funds (ETFs) experienced their first positive inflows, breaking a streak of five consecutive days of outflows totaling $ 887.6 million. The momentum continued into Tuesday, with the ETFs amassing $ 418 million in inflows, building on the $ 15.4 million gained the previous day. Bitcoin …