The post Bitcoin Spot ETF Sees $404 Million Net Inflow: BlackRock Leads With $294.8 Million appeared on BitcoinEthereumNews.com.

According to a report by COINOTAG on October 26, the latest data from Trader T highlights a significant inflow into U.S. Bitcoin spot ETFs, with net inflows reaching a notable $404 million yesterday. The report details contributions from various major players: BlackRock’s IBIT led the charge with an impressive $294.8 million, indicating strong market confidence. Notably, Grayscale’s GBTC remained stagnant with no inflow, while Grayscale Mini BTC added a modest $5.92 million. Other participators included Fidelity’s FBTC with $56.95 million, Bitwise BITB contributing $2.55 million, Ark’s ARKB with $33.37 million, and finally, VanEck HODL bringing in $11.34 million. These inflows reflect the ongoing institutional interest in Bitcoin as a valuable asset class. Source: https://en.coinotag.com/breakingnews/bitcoin-spot-etf-sees-404-million-net-inflow-blackrock-leads-with-294-8-million/

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Filed under: News - @ October 26, 2024 2:06 am