Bitcoin ETFs See Inflows Return With BlackRock Leading the Charge

US spot Bitcoin exchange traded funds snapped a four day losing streak by pulling in a net $159.9 million. The recovery comes right on time, but the action is heavily concentrated among the industry giants.

BlackRock and Fidelity carried the day. BlackRock brought in $134.3 million, while Fidelity added $53.3 million. Meanwhile, other funds saw mixed results, with some posting outflows like the ARK 21Shares fund which shed $42 million.

Traders are now watching the Federal Reserve policy meeting to see if this bounce sticks. If risk appetite improves, we might see money flow back into the wider market, or the recent inflows might just be a brief pause before the next wave of selling.