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News

Bitcoin Spot ETF Inflows Continue for 4th Day, Hitting $459 Million

October 17, 2024 - Around 2 mins mins to read

Key Points:

  • Bitcoin Spot ETF Inflows surged to $459 million on October 16, driven by BlackRock’s IBIT, contributing $393 million to the total inflows.
  • Ethereum spot ETF also saw activity, with $24 million flowing into Ethereum ETFs on the same day.
On October 16, the Bitcoin spot ETF inflows saw $459M, marking four consecutive days of growth. BlackRock ETF added $393M. The Ethereum spot ETF also saw $24M inflows.
Bitcoin Spot ETF Inflows Continue for 4th Day, Hitting $459 Million

Bitcoin Spot ETF Inflows Surge Amid Growing Demand

Bitcoin Spot ETF inflows continued to see over the last four days, at $459 million on October 16. Of this number, BlackRock’s ETF, IBIT, accounted for $393 million, reflecting investor confidence in Bitcoin’s long-term potential, according to Sosovalue.

Read more: Bitcoin Spot ETF Inflows Hit $371M as BlackRock Leads

Ethereum Spot ETF Records $24 Million Inflows on October 16

Besides that, Ethereum spot ETFs also saw a net inflow of $24.2 million running parallel with the strong inflows into Bitcoin. This is indicative of increased interest in cryptocurrency-backed ETFs and further cements Ethereum’s position as one of the big players in the crypto ETF markets.

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.

Bitcoin

Bitcoin Spot ETF

ETF

Ether ETF

Author

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.
News

Bitcoin Spot ETF Inflows Continue for 4th Day, Hitting $459 Million

Key Points:

  • Bitcoin Spot ETF Inflows surged to $459 million on October 16, driven by BlackRock’s IBIT, contributing $393 million to the total inflows.
  • Ethereum spot ETF also saw activity, with $24 million flowing into Ethereum ETFs on the same day.
On October 16, the Bitcoin spot ETF inflows saw $459M, marking four consecutive days of growth. BlackRock ETF added $393M. The Ethereum spot ETF also saw $24M inflows.
Bitcoin Spot ETF Inflows Continue for 4th Day, Hitting $459 Million

Bitcoin Spot ETF Inflows Surge Amid Growing Demand

Bitcoin Spot ETF inflows continued to see over the last four days, at $459 million on October 16. Of this number, BlackRock’s ETF, IBIT, accounted for $393 million, reflecting investor confidence in Bitcoin’s long-term potential, according to Sosovalue.

Read more: Bitcoin Spot ETF Inflows Hit $371M as BlackRock Leads

Ethereum Spot ETF Records $24 Million Inflows on October 16

Besides that, Ethereum spot ETFs also saw a net inflow of $24.2 million running parallel with the strong inflows into Bitcoin. This is indicative of increased interest in cryptocurrency-backed ETFs and further cements Ethereum’s position as one of the big players in the crypto ETF markets.

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.