The post Bitcoin Spot ETF Inflows Reach $470M Led by BlackRock ETF IBIT appeared on BitcoinEthereumNews.com.

Key Points: Bitcoin Spot ETF inflow on October 17 totaled $470M, with BlackRock contributing $309M. Ark Invest’s ETF ARKB added $100M, supporting continued Bitcoin Spot ETF inflow momentum. On October 17, Bitcoin spot ETF inflows hit $470M, led by BlackRock’s $309M. Ark Invest and 21Shares’ ARKB saw $100M, while Ethereum spot ETF added $48.4M. Bitcoin Spot ETF Inflows Reach $470M Led by BlackRock Bitcoin Spot ETF inflow was a cumulative $470M, with BlackRock’s IBIT capturing $309M. ARKB from Ark Invest saw an additional $100M net inflow, according to Sosovalue. Ethereum spot ETFs gathered $48.4M the same day, reflecting strong momentum within the greater cryptocurrency ETF market. Institutional interest in both Bitcoin and Ethereum is gaining steam. Read more: Bitcoin Spot ETF Inflows Continue for 4th Day, Hitting $459 Million BlackRock ETF Dominates $470M Bitcoin Spot ETF Inflows BlackRock’s IBIT ETF had the largest inflow at $309M and extended total Bitcoin spot ETF inflows to $470M on October 17. The other two key players in the race include Ark Invest, which added $100M, and 21Shares, with $100M in inflows. Ethereum ETFs also saw positive net inflows of $48.4M. This may indicate that increasing confidence in crypto assets is drifting down to increased institutional demand for Bitcoin and Ethereum spot ETFs. 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 1 times, 1 visit(s) today Source: https://coincu.com/287841-bitcoin-spot-etf-inflows-reach-470m-led-by-ibit

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Filed under: News - @ October 18, 2024 5:25 am