Key Points:
Inflows into Bitcoin spot ETFs reached $274 million on October 18, extending the run of inflows to six consecutive days. Of that amount, Ark Invest’s ARKB took in $110 million, and BlackRock’s IBIT added $70.4 million. In comparison, Ethereum spot ETFs saw a more modest inflow of $1.9 million.
These sustained inflows reflect increasing confidence by investors in Bitcoin ETFs and position large funds such as Ark Invest and BlackRock to keep driving interest in the market, according to Sosovalue.
Read more: Bitcoin Spot ETF Inflows Reach $470M Led by BlackRock ETF IBIT
On October 18, Bitcoin spot ETFs raked in $274 million in net inflows, led by Ark Invest and BlackRock. Ark Invest’s ARKB added $110 million, while BlackRock’s IBIT added $70.4 million. Ethereum ETFs managed to amass $1.9 million in inflows.
It is an inflow that suggests a growing interest in Bitcoin ETFs created and actively participated in by major financial institutions in the crypto 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. |
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