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International Business Times
International Business Times
Business
Marvie Basilan

UNCOVERED: Us spot bitcoin etfs regroup buy german dump to haul in nearly 295m | History Defined

U.S.-listed spot Bitcoin ETFs bought the dip Monday, and some industry observers believe it's a sign things are beginning to shift. (Credit: Kostenlose Bilder mit KI/flickr)

KEY POINTS

  • The ETFs snapped up over 5,000 Bitcoins Monday when prices fell below $55,000
  • BlackRock's IBIT led the pack, but even the retail-unpopular GBTC contributed to Monday's haul
  • Some investors suggested ETFs may be trying to "offset" the German government's massive sell-off

U.S. spot Bitcoin exchange-traded funds (ETFs) have started regaining momentum after several weeks of mostly negative inflows as the funds snapped up nearly $295 million on Monday.

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