The post Bitcoin Spot ETF Sees Impressive $187.54 Million Net Inflow, Led by BlackRock’s IBIT appeared on BitcoinEthereumNews.com.

On October 25, COINOTAG reported a significant net inflow of $187.54 million into Bitcoin spot exchange-traded funds (ETFs) in the United States, as monitored by Trader T. This marks a pivotal moment for institutional investment in the cryptocurrency sector. Notably, BlackRock’s IBIT led the charge with an impressive influx of $164 million, showcasing growing confidence in Bitcoin as a hedge against inflation and market volatility. Conversely, Grayscale’s Mini BTC experienced an outflow of $7.05 million, indicating potential shifts in investor sentiment. Meanwhile, Bitwise BITB reported a modest increase of $29.63 million, underscoring the variable dynamics within the cryptocurrency investment landscape. These figures highlight the increasing relevance of Bitcoin ETFs in investment portfolios and reflect the ongoing transformation of the cryptocurrency market as it gains more mainstream acceptance. Source: https://en.coinotag.com/breakingnews/bitcoin-spot-etf-sees-impressive-187-54-million-net-inflow-led-by-blackrocks-ibit/

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Filed under: News - @ October 25, 2024 2:18 am