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Bitcoin Spot ETF Inflows Skyrocket to $25M, Asset Ratio Soars at 4.68%!

Key Points:

On October 4, Bitcoin spot ETFs recorded a net inflow of $25.59 million, showing growing investor confidence.
The Bitwise ETF (BITB) topped the charts with a $15.29M inflow, bringing its total historical inflow to $2.11 billion.
On the downside, Grayscale ETF (GBTC) experienced a $13.91M outflow, adding to its massive historical net outflow of $20.14 billion.

According to data from SoSoValue, the net inflow of Bitcoin spot ETFs reached as high as US$25.5859 million, showing extreme investor interest.

Bitcoin Spot ETFs Record Significant $25M Inflow

BITB ranked first, with a net inflow of $15.2854 million daily. Having said that, the historical total net inflow for BITB now stands at $2.112 billion, making it one of the top-name players in the Bitcoin ETF market. Close on its heels was the Fidelity ETF, FBTC, with a daily net inflow of $13.6262 million, hiking its historical total net inflow to a whopping $9.848 billion.

Grayscale ETF Faces $13M Outflow Amid Market Shifts

The Grayscale ETF, GBTC, saw a vast daily net outflow of $13.9096 mln, adding to its current historical net outflow of a staggering $20.138 bln. There were no changes in daily inflows for the Grayscale Bitcoin Mini Trust (BTC) ETF, which has a historical net inflow of $422 mln.

The net asset value of all Bitcoin spot ETFs stood at $57.734 billion, with a net asset ratio of 4.68%, which is the percentage of the market value of the ETFs to the total market capitalization of Bitcoin. To this day, the cumulative net inflow of Bitcoin spot ETFs stands at $18.499 billion, which directly reflects institutional demand for these products as a steady route to exposure to the leading cryptocurrency.

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.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.