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Data from Bloomberg Intelligence shows the spot funds saw net inflows of $790 million even as the price of bitcoin (BTC) tumbled 7%. Leading the way was what’s now the largest of the spot ETFs, BlackRock’s iShares Bitcoin Trust (IBIT), where inflows topped $1 billion, offsetting by itself what continue to be sizable outflows from the high-fee Grayscale Bitcoin Trust (GBTC).
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