BitcoinWarrior

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Bitcoin ETF Investment Frenzy: $500M Rushes In, But Where’s The Money Going?

The cryptocurrency investment landscape witnessed significant activity with total net inflows into Bitcoin (CRYPTO: BTC) spot Exchange-Traded Funds (ETFs) reaching $505 million on Monday. The day’s transactions on March 11 revealed a mixed picture of investor behavior, according to data from SoSoValue. Grayscale’s Bitcoin Trust (OTC: GBTC) experienced a substantial net outflow of $494 million, indicating a shift in investor preference or portfolio rebalancing efforts among its holders. In contrast, BlackRock’s Bitcoin ETF (NYSE: IBIT) saw a remarkable net inflow of $562 million, while Fidelity…