Bitcoin ETFs recorded three consecutive days of outflows totaling $77 million, led by BlackRock's IBIT, while XRP funds saw modest inflows. Concurrently, BlackRock is preparing to launch its new iShares Bitcoin Premium Income ETF for trading on Nasdaq. The new fund has already received regulatory approval from the U.S. Securities and Exchange Commission (SEC).
Crypto ETFs saw a positive reversal in flows on Tuesday, with Bitcoin, Ether, and XRP gaining momentum in a rare session of synchronized inflows.
Read the full storyThe world's largest asset manager is set to launch the iShares Bitcoin Premium Income ETF following regulatory approval from the U.S. SEC.
Bitcoin ETFs saw $77 million in net outflows for a third straight day, while XRP funds bucked the trend with fresh inflows.