The post Bitcoin Spot ETF Sets Record with $21.3 Billion Net Inflow, Led by BlackRock and Fidelity appeared on BitcoinEthereumNews.com.

According to recent data from COINOTAG dated October 22, the **U.S. Bitcoin spot ETF** has achieved a **record-setting** net inflow of **$21.303 billion** since its inception, showcasing the growing institutional interest in cryptocurrency investments. Notably, BlackRock’s **IBIT** ETF has led the way, garnering a remarkable net inflow of **$23.169 billion**. Conversely, Fidelity’s **FBTC** ETF has also seen substantial investments, accumulating **$10.31 billion** in net inflow. Meanwhile, Grayscale’s **GBTC** has experienced a contrasting trend, reporting a net outflow of **$20.055 billion**, indicating potential challenges in attracting capital. This influx in capital into Bitcoin ETFs underscores the increasing legitimacy and acceptance of digital assets in mainstream finance, making it an essential focus for investors looking to diversify their portfolios within the **crypto market**. Source: https://en.coinotag.com/breakingnews/bitcoin-spot-etf-sets-record-with-21-3-billion-net-inflow-led-by-blackrock-and-fidelity/

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Filed under: News - @ October 22, 2024 4:07 am