Bitcoin ETFs See Massive Inflows While Insider Trading Concerns Emerge
Bitcoin ETFs See Massive Inflows While Insider Trading Concerns Emerge
Spot Bitcoin ETFs have experienced a significant resurgence, taking in $1 billion in just three days as investors actively 'buy the dip,' with BlackRock's IBIT leading the charge. This positive market momentum comes amidst concerns regarding potential insider trading within the broader crypto space, as suspicious wallets reportedly profited $1.2 million by betting on an Axiom exposé.
The top eight wallets on Polymarket netted over $1.2 million by betting on ZachXBT’s investigation into Axiom, raising insider trading concerns among blockchain researchers.
SoSoValue data shows a three-day reversal after weeks of withdrawals, with BlackRock’s IBIT leading inflows. Spot Bitcoin ETFs took in $1B in three days as investors buy the dip.