The post Bitcoin Spot ETF Inflows Continue for 4th Day, Hitting $459 Million appeared on BitcoinEthereumNews.com.

Key Points: Bitcoin Spot ETF Inflows surged to $459 million on October 16, driven by BlackRock’s IBIT, contributing $393 million to the total inflows. Ethereum spot ETF also saw activity, with $24 million flowing into Ethereum ETFs on the same day. On October 16, the Bitcoin spot ETF inflows saw $459M, marking four consecutive days of growth. BlackRock ETF added $393M. The Ethereum spot ETF also saw $24M inflows. Bitcoin Spot ETF Inflows Surge Amid Growing Demand Bitcoin Spot ETF inflows continued to see over the last four days, at $459 million on October 16. Of this number, BlackRock’s ETF, IBIT, accounted for $393 million, reflecting investor confidence in Bitcoin’s long-term potential, according to Sosovalue. Read more: Bitcoin Spot ETF Inflows Hit $371M as BlackRock Leads Ethereum Spot ETF Records $24 Million Inflows on October 16 Besides that, Ethereum spot ETFs also saw a net inflow of $24.2 million running parallel with the strong inflows into Bitcoin. This is indicative of increased interest in cryptocurrency-backed ETFs and further cements Ethereum’s position as one of the big players in the crypto ETF markets. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. Visited 7 times, 7 visit(s) today Source: https://coincu.com/287614-bitcoin-spot-etf-inflows-continue-for-4th-day

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Filed under: News - @ October 17, 2024 6:27 am