The post Record Bitcoin Spot ETF Inflows Surge to $192 Million as BlackRock’s IBIT Leads the Market appeared on BitcoinEthereumNews.com.

According to data from SoSoValue, significant financial movements were observed on October 23, with Bitcoin spot ETFs experiencing a remarkable net inflow of $192 million. In contrast, the Grayscale ETF, GBTC, recorded no net outflow, contributing to a cumulative historical net outflow of $20.101 billion. Meanwhile, the Grayscale Bitcoin Mini Trust ETF, BTC, witnessed a modest net inflow of $4.7065 million, bringing its total historical inflow to $424 million. The standout performer among Bitcoin spot ETFs was the BlackRock ETF, IBIT, which attracted a notable net inflow of $317 million on the same day, elevating its historical total net inflow to an impressive $23.529 billion. As of the latest updates, the overall net asset value for Bitcoin spot ETFs stands at US$64.088 billion, indicating a net asset ratio of 4.86% when measured against Bitcoin’s total market capitalization, while historical cumulative net inflows have now reached US$21.345 billion. Source: https://en.coinotag.com/breakingnews/record-bitcoin-spot-etf-inflows-surge-to-192-million-as-blackrocks-ibit-leads-the-market/

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Filed under: News - @ October 24, 2024 4:26 am