Bitcoin and Ether ETFs experienced a significant rebound in inflows this week, with a combined $443 million flowing into the funds on Thursday alone. Bitcoin ETFs led the charge with $358.17 million, driven largely by BlackRock’s IBIT ($269.34M) and Fidelity’s FBTC ($53.33M). Morgan Stanley’s newly launched MSBT saw $34 million in volume on its first day, attracting $30.6 million in inflows and becoming one of the top-performing ETF launches of the year. This launch, the first by a major US bank, is sparking a fee war, with MSBT’s 0.14% expense ratio undercutting competitors like BlackRock and Grayscale. While Ether ETFs also saw inflows ($85.19M), some funds experienced outflows. Despite a recent Bitcoin price correction (down 43% from its peak), institutional interest remains strong, with BlackRock reporting a disproportionately long-term buy-and-hold investor base. The US Treasury is also expanding cybersecurity threat intelligence sharing to include digital asset companies, addressing growing concerns about hacks and foreign intelligence operations.
Source Articles
This article is based on analysis of 8 source articles from our news database.