Key Points:
Read more: Bitcoin ETF Inflow Sees Surge Admid Market Downturn
Fidelity’s FBTC fund led the. Bitcoin ETF inflow with an impressive $141 million influx, followed by BlackRock’s IBIT with $116.2 million. Bitwise’s BITB and VanEck’s HODL also contributed significantly, with $44.6 million and $41.8 million respectively. Grayscale’s GBTC added another $20 million to the day’s total.
The surge of Bitcoin ETF inflow marked a notable rebound, approaching $400 million for the second time within a week. Over the past ten days, BlackRock’s IBIT has garnered more than $1.3 billion in inflows, showcasing its dominant position in the market. Meanwhile, Fidelity’s FBTC distinguished itself on Friday, nearing a significant milestone with its assets under management (AUM) standing at $9.962 billion.
Trading volumes reflected the high investor confidence, with BlackRock’s IBIT reaching $1.7 billion and Fidelity’s FBTC $600 million. This uptick in trading activity coincided with Bitcoin’s price climbing an additional 4.2% to surpass $67,000. Despite a brief dip to $62,800 last week following Mt. Gox‘s $5.8 billion Bitcoin transfer, the market quickly rebounded due to robust ETF buying.
Optimism is also growing for spot Ethereum ETFs, with anticipation building for their potential approval and launch next week. Ether (ETH) prices increased by 2.6% on Friday, as issuers await the final decision from the SEC, further fueling the positive sentiment 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. |
A major U.S. bank has integrated Bitwise Bitcoin ETF into 20% of its wealth management…
Spot Ethereum ETFs from Fidelity, Franklin, Invesco, VanEck, and 21Shares will begin trading on Cboe’s…
Cathie Wood's Ark Invest sold 16,758 Coinbase shares worth $4.32 million amid market volatility.
The approval, outlined in a recent court filing, allows Binance customer funds allocated into US…
In the rapidly evolving landscape of digital gaming, Devilfish NFT is making waves by introducing…
Messari CEO Ryan Selkis has now resigned following a series of inflammatory tweets related to…
This website uses cookies.