The post Bitcoin Spot ETFs See Impressive $2.13 Billion Weekly Inflow, Led by BlackRock’s IBIT appeared on BitcoinEthereumNews.com.

According to recent data from SoSoValue, the Bitcoin spot ETF landscape witnessed significant activity during the trading week from October 14 to October 18, with a remarkable net inflow of 2.13 billion USD. Notably, the Grayscale Bitcoin Trust (GBTC) reported a net inflow of 91.47 million USD despite a historical net outflow totaling 20.1 billion USD. The standout performer was the BlackRock ETF (IBIT), which garnered a substantial inflow of 1.14 billion USD, elevating its total net inflow to 22.84 billion USD. Following closely was the Fidelity Bitcoin ETF (FBTC), attracting 319 million USD over the same period, bringing its overall net inflow to 10.3 billion USD. As of the latest updates, the total net asset value of Bitcoin spot ETFs stands at an impressive 66.114 billion USD, indicating a net asset ratio of 4.89% against Bitcoin’s total market cap. The cumulative net inflow across Bitcoin spot ETFs has now reached a notable 20.937 billion USD, underscoring the growing institutional interest in cryptocurrency. Source: https://en.coinotag.com/breakingnews/bitcoin-spot-etfs-see-impressive-2-13-billion-weekly-inflow-led-by-blackrocks-ibit/

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Filed under: News - @ October 21, 2024 5:14 am