In the pre-market trading session today, two major Spot Bitcoin ETFs, BlackRock’s IBIT and Grayscale’s GBTC, saw a significant surge. This spike follows strong inflows registered on Tuesday. Competitors like VanEck’s HODL and Valkyrie’s BRRR also experienced notable upswings. This rebound comes despite a massive $563 million outflow on Wednesday, signaling a positive shift in investor sentiment.
BlackRock, Grayscale, Ark 21Shares & Other ETFs Gain
As per Yahoo Finance data, BlackRock’s iShares Bitcoin Trust (IBIT), gained 2.87%, reaching $33.32 in the pre-market session on Thursday, May 2. Earlier, IBIT closed at $32.39 on Wednesday, marking a 3.52% profit. The recent rally is likely fueled by increasing institutional adoption of these ETFs.
On May 1, in a 13F filing, Europe’s BNP Paribas bank revealed investing in the BlackRock Bitcoin ETF. Meanwhile, Grayscale’s GBTC surged 2.92% to $52.12, rebounding from the significant losses in the previous trading session. On W
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