Major cryptocurrencies surged on Wednesday evening driven bymassive inflows into U.S.-listed spot Bitcoin ETFs during Tuesday’s drop. This indicates that ETF investors were unfazed by the plunge and saw it as an opportunity to buy the dip. What Happened: The ten new ETFs collectively experienced over $648 million in net inflows, marking the largest daily allocation since their launch on Jan. 11, according to data compiled by BitMEX Research. Notably, the BlackRock iShares Bitcoin ETF (NASDAQ:IBIT) set a new daily record, attracting $788 million in fresh investments and increasing the fund’s ho…
