BlackRock, Ark Lead $477 Million Charge as Bitcoin ETFs Halt Bleed

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A wave of institutional buying, led by industry giants BlackRock and Ark Invest, propelled spot Bitcoin ETFs to a $477 million net inflow on Tuesday, reversing a multi-day exodus of over $1 billion.

BlackRock’s IBIT fund attracted the lion’s share with $211 million, while Ark & 21Shares’ ARKB pulled in $163 million. The broad-based recovery, which saw nine of the twelve funds in positive territory, signals a swift return of confidence.

The rebound was not isolated to Bitcoin, as spot Ethereum ETFs also capitalized on the renewed interest, drawing in $142 million.