The post Bitcoin Spot ETF Nets $4.586 Billion in December Amid Significant Holdings Increase by IBIT appeared on BitcoinEthereumNews.com.

According to analysis shared by COINOTAG News on January 1st, the December performance of the US Bitcoin Spot ETF recorded a remarkable total net inflow of $4.586 billion. This development underscores a growing interest in digital assets among institutional investors. Notably, IBIT has expanded its crypto portfolio significantly, increasing its holdings by 51,538 BTC to reach a total of 551,918 BTC. This influx corresponds with a substantial investment of $5.53 billion, remaining consistent compared to the previous month. Furthermore, FBTC contributed positively with an inflow of $267 million, reflecting healthy demand within the market. In contrast, Grayscale reported an outflow of $866 million, highlighting the volatility and shifting dynamics in the cryptocurrency landscape. This ongoing interplay between inflows and outflows illustrates the complexities of investor sentiment in the burgeoning crypto sector. Source: https://en.coinotag.com/breakingnews/bitcoin-spot-etf-nets-4-586-billion-in-december-amid-significant-holdings-increase-by-ibit/

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Filed under: News - @ January 1, 2025 4:13 am