Key Points:
Bitcoin Spot ETF inflow was a cumulative $470M, with BlackRock’s IBIT capturing $309M. ARKB from Ark Invest saw an additional $100M net inflow, according to Sosovalue.
Ethereum spot ETFs gathered $48.4M the same day, reflecting strong momentum within the greater cryptocurrency ETF market. Institutional interest in both Bitcoin and Ethereum is gaining steam.
Read more: Bitcoin Spot ETF Inflows Continue for 4th Day, Hitting $459 Million
BlackRock’s IBIT ETF had the largest inflow at $309M and extended total Bitcoin spot ETF inflows to $470M on October 17. The other two key players in the race include Ark Invest, which added $100M, and 21Shares, with $100M in inflows.
Ethereum ETFs also saw positive net inflows of $48.4M. This may indicate that increasing confidence in crypto assets is drifting down to increased institutional demand for Bitcoin and Ethereum spot ETFs.
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. |
Kenya is set to introduce a real-time tax system for cryptocurrency trading, with the Kenya…
According to Chainwire, DWF Labs has announced one of the most significant expansions of its…
Former President Donald Trump crypto holdings have increased by $6.1 million this year, with over…
With MoonPay integration, 60 million Venmo US users can now purchase cryptocurrencies directly using their…
Montenegro’s Minister of Justice, Bojan Božović, announced that a decision on Do Kwon extradition will…
Morgan Stanley Bitcoin ETF holdings have reached $272.1 million, representing 0.02% of its $1.2 trillion…
This website uses cookies.