Bitcoin Spot ETF Inflows Hit $377M As Streak Extends Seven Days
The post Bitcoin Spot ETF Inflows Hit $377M As Streak Extends Seven Days appeared on BitcoinEthereumNews.com.
Key Points: Bitcoin Spot ETF Inflows hit $377M on December 6, extending a 7-day streak. BlackRock and Fidelity ETFs drove Bitcoin Spot ETF Inflows with $257M and $120M daily, respectively. Bitcoin Spot ETF Inflows reached $377M on December 6, continuing a 7-day streak, with BlackRock IBIT and Fidelity FBTC leading. Ethereum ETFs also saw strong gains. Bitcoin Spot ETF Inflows Continue Strong Streak Bitcoin Spot ETF Inflows reached $377 million on December 6, marking the seventh consecutive day of positive net inflows. BlackRock’s IBIT ETF contributed the largest share with $257 million per day, followed by Fidelity’s FBTC with $120 million daily. This sustained momentum highlights increasing investor confidence in Bitcoin spot ETFs. The inflows position Bitcoin ETFs as a leading choice for institutional and retail investors seeking exposure to cryptocurrency in a regulated environment. This growth reflects expanding adoption and solidifies Bitcoin’s role in traditional financial markets, signaling a strong close to the year, according to Sosovalue. Read more: Bitcoin Spot ETF Inflows Hit $557M Amid 5-Day Streak Ethereum Spot ETF Inflows Maintain Upward Momentum Ethereum Spot ETFs recorded net inflows of $83.75 million on December 6, extending their streak to 10 consecutive days. Fidelity’s FETH ETF led the surge with $47.88 million in daily inflows, while BlackRock’s ETHA followed with $34.55 million per day. The consistent inflows showcase robust interest in Ethereum-based investment vehicles. As Ethereum spot ETFs gain traction, they emphasize the growing appeal of diversified crypto exposure beyond Bitcoin. The steady performance of these funds highlights Ethereum’s position as a key player in the digital asset market, offering investors opportunities in decentralized finance and smart contract ecosystems. 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. Source: https://coincu.com/295824-bitcoin-spot-etf-inflows-hit-377m-as-streak
Filed under: News - @ December 7, 2024 8:15 am