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International Business Times

Business

Marvie Basilan

US Spot Bitcoin ETFs Regroup, Buy German Dump To Haul In Nearly $295M

Bitcoin ETF United States Crypto Grayscale Richard Teng Arkham Intelligence BlackRock Farside Investors GBTC

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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