The post US Bitcoin Spot ETF Sees $320 Million Inflow, Led by BlackRock and Fidelity appeared on BitcoinEthereumNews.com.

COINOTAG News reported on November 30th that the recent monitoring by Farside Investors has revealed a significant net inflow into the US Bitcoin spot ETF totaling $320 million. This impressive influx is indicative of strong institutional interest in cryptocurrency, suggesting a growing confidence in the market. Notable contributions included BlackRock’s IBIT with an inflow of $137.5 million, followed by Fidelity’s FBTC, which attracted $106.5 million. Other significant participants included Bitwise BITB receiving $26.5 million, ARK’s ARKB at $7.8 million, and VanEck’s HODL bringing in $33.1 million. Additionally, Grayscale’s Mini BTC saw an inflow of $8.6 million, underscoring the expanding appetite for Bitcoin as a legitimate asset class. These figures reflect a robust momentum in the crypto sector, as institutional investments continue to reshape the landscape. Source: https://en.coinotag.com/breakingnews/us-bitcoin-spot-etf-sees-320-million-inflow-led-by-blackrock-and-fidelity/

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Filed under: News - @ November 30, 2024 5:17 am