Key Points:
This consistent upward trend highlights the growing investor interest and confidence in Bitcoin as a mainstream financial asset.
The most significant inflow was observed in Fidelity’s Bitcoin ETF (FBTC), which recorded a single-day inflow of $119 million. This substantial inflow underscores Fidelity’s strong position in the market and its appeal to investors seeking exposure to Bitcoin through regulated financial products.
Readmore: KuCoin Delists Polyhedra’s Token Amid Battle For ‘ZK’ Token Symbol
The Grayscale Bitcoin Trust (GBTC), another prominent player in the market, experienced a single-day outflow of $0.00. While this indicates a neutral position for the day, it suggests stability and a lack of major selling pressure for Grayscale’s product.
The historical net inflow of Bitcoin spot ETFs has now reached an impressive $13.809 billion. This milestone reflects the growing institutional acceptance and adoption of Bitcoin ETFs as a viable investment vehicle. The steady inflows over the past thirteen days are particularly noteworthy, as they suggest a sustained demand for Bitcoin exposure among investors.
The influx of funds into Bitcoin spot ETFs is seen as a positive indicator for the cryptocurrency market, potentially driving further price appreciation and market maturity. The consistent inflows highlight the confidence investors have in Bitcoin’s long-term prospects, despite the inherent volatility in the cryptocurrency market.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Wormhole will soon launch Worldcoin World ID on the Solana blockchain, enhancing cross-chain interoperability.
The Tezos X upgrade, set for 2026, will consolidate transaction execution into a single rollup,…
SEC approvals for Bitcoin and expected Ether ETFs have driven proposed VanEck spot Solana ETF.
Coinbase legal action follows its denied FOIA requests for information on SEC investigations and FDIC…
Mpeppe (MPEPE) has emerged as a significant player in the cryptocurrency market, particularly in the…
This website uses cookies.