BlackRock's Bitcoin ETF Dominates with $710 Million Surge, Leaving Rivals in the Dust as GBTC Bleeds Assets
BlackRock's Bitcoin ETF leads with $710 million in net flows, outpacing rivals like Fidelity and Bitwise. In contrast, Grayscale's GBTC faces a $1.2 billion outflow. Despite GBTC's higher fee, it recently transformed into an ETF, aiming to attract investors with its track record. The cryptocurrency ETF landscape is evolving, influencing market dynamics.
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