Key Points:
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
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. |
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