Some of Alipay’s mainland Chinese users saw ads inviting them to invest up to $137 daily in a fund with indirect exposure to a US spot Bitcoin ETF and Coinbase.
On Monday, spot Bitcoin exchange-traded funds (ETFs) registered their second-largest single-day net outflow since their launch in January. The crypto-based investment products saw their second consecutive red day before the US elections, ending a seven-day positive streak. Related Reading: Binance Founder CZ Responds To $100 Million Listing Fee Controversy Bitcoin ETFs Record Massive Outflow Day […]
Over 2,000 United States ETFs see no inflows on any given day — something thats “very normal,” says ETF analyst James Seyffart.
BlackRock’s CEO Larry Fink says he’s been “pleasantly surprised” at the level of retail demand for his firm’s spot Bitcoin ETF.
BlackRock’s IBIT made up more than 50% of the daily trading volume and even smashed its own daily record by more than 30%.