The post Bitcoin Spot ETF Inflows Skyrocket to $25M, Asset Ratio Soars at 4.68%! appeared on BitcoinEthereumNews.com.

Key Points: On October 4, Bitcoin spot ETFs recorded a net inflow of $25.59 million, showing growing investor confidence. The Bitwise ETF (BITB) topped the charts with a $15.29M inflow, bringing its total historical inflow to $2.11 billion. On the downside, Grayscale ETF (GBTC) experienced a $13.91M outflow, adding to its massive historical net outflow of $20.14 billion. According to data from SoSoValue, the net inflow of Bitcoin spot ETFs reached as high as US$25.5859 million, showing extreme investor interest. Bitcoin Spot ETFs Record Significant $25M Inflow BITB ranked first, with a net inflow of $15.2854 million daily. Having said that, the historical total net inflow for BITB now stands at $2.112 billion, making it one of the top-name players in the Bitcoin ETF market. Close on its heels was the Fidelity ETF, FBTC, with a daily net inflow of $13.6262 million, hiking its historical total net inflow to a whopping $9.848 billion. Read more: Spot Bitcoin ETFs Now Hold 5% of the Total Bitcoin Supply Grayscale ETF Faces $13M Outflow Amid Market Shifts The Grayscale ETF, GBTC, saw a vast daily net outflow of $13.9096 mln, adding to its current historical net outflow of a staggering $20.138 bln. There were no changes in daily inflows for the Grayscale Bitcoin Mini Trust (BTC) ETF, which has a historical net inflow of $422 mln. The net asset value of all Bitcoin spot ETFs stood at $57.734 billion, with a net asset ratio of 4.68%, which is the percentage of the market value of the ETFs to the total market capitalization of Bitcoin. To this day, the cumulative net inflow of Bitcoin spot ETFs stands at $18.499 billion, which directly reflects institutional demand for these products as a steady route to exposure to the leading cryptocurrency. DISCLAIMER: The information on this website is…

---

Filed under: News - @ October 5, 2024 6:14 am