The post Bitcoin Spot ETF Sees Massive $490 Million Inflow: BlackRock’s IBIT Leads the Way appeared on BitcoinEthereumNews.com.

Recent analysis by COINOTAG on November 23rd highlighted a significant net capital influx of $490 million into U.S. Bitcoin spot Exchange-Traded Funds (ETFs). The predominant contributor, BlackRock’s IBIT, accounted for an impressive $513.03 million, illustrating investor confidence in established financial institutions backing cryptocurrency. Additionally, Fidelity’s FBTC attracted $21.71 million, reflecting a growing interest among traditional investors. Meanwhile, several ETFs, including Bitwise’s BITB and ARK Invest’s ARKB, displayed static figures with no recorded inflow. The JPMorgan BTCO product managed to secure $4.96 million, whereas Franklin Templeton’s EZBC remained unchanged. Valkyrie’s BRRR and VanEck’s HODL contributed modest gains, attracting $6.19 million and $5.62 million, respectively. In contrast, Grayscale’s GBTC reported a net outflow of $67.05 million, although its BTC Mini variant managed to bring in $5.72 million. This shift in capital flows underscores the dynamic landscape of cryptocurrency investments. Source: https://en.coinotag.com/breakingnews/bitcoin-spot-etf-sees-massive-490-million-inflow-blackrocks-ibit-leads-the-way/

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Filed under: News - @ November 23, 2024 3:21 am