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News

Bitcoin Spot ETF Inflows Reach $192M as BlackRock Leads

October 24, 2024 - Around 2 mins mins to read

Key Points:

  • Bitcoin spot ETF inflows totaled $192M, with BlackRock’s IBIT contributing $317M.
  • Ethereum spot ETFs saw smaller net inflows of $1.2663M.
On October 23, Bitcoin Spot ETF Inflows totaled $192 million, with BlackRock’s IBIT leading the way with an impressive $317 million. Meanwhile, Ethereum spot ETFs recorded inflows of $1.2663 million.
Bitcoin Spot ETF Inflows Reach $192M as BlackRock Leads

BlackRock ETF Dominates as Bitcoin Spot ETF Inflows Hit $192M

Spot Bitcoin ETFs had inflows of $192 million on October 23, with BlackRock’s IBIT providing an impressive $317 million. It has been a testament to institutional confidence in the digital asset, with the continued large investments into the ETF.

BlackRock’s ETF dominance is proving instrumental in increasing overall inflows, indicative of a change in investor sentiment for regulated crypto investment vehicles, according to Sosovalue.

Read more: Bitcoin Spot ETF Inflows Reach $294M After 7 Days of Gains

Bitcoin Spot ETF Inflows Surge, Ethereum Steady at $1.2M

On the same day, Ethereum spot ETFs also reported a more modest inflow of $1.2663 million. While Ethereum’s performance remains positive, it lags compared to Bitcoin and highlights more conservative interest from institutional investors in the ETH-backed product.

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

Blackrock

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 Reach $192M as BlackRock Leads

Key Points:

  • Bitcoin spot ETF inflows totaled $192M, with BlackRock’s IBIT contributing $317M.
  • Ethereum spot ETFs saw smaller net inflows of $1.2663M.
On October 23, Bitcoin Spot ETF Inflows totaled $192 million, with BlackRock’s IBIT leading the way with an impressive $317 million. Meanwhile, Ethereum spot ETFs recorded inflows of $1.2663 million.
Bitcoin Spot ETF Inflows Reach $192M as BlackRock Leads

BlackRock ETF Dominates as Bitcoin Spot ETF Inflows Hit $192M

Spot Bitcoin ETFs had inflows of $192 million on October 23, with BlackRock’s IBIT providing an impressive $317 million. It has been a testament to institutional confidence in the digital asset, with the continued large investments into the ETF.

BlackRock’s ETF dominance is proving instrumental in increasing overall inflows, indicative of a change in investor sentiment for regulated crypto investment vehicles, according to Sosovalue.

Read more: Bitcoin Spot ETF Inflows Reach $294M After 7 Days of Gains

Bitcoin Spot ETF Inflows Surge, Ethereum Steady at $1.2M

On the same day, Ethereum spot ETFs also reported a more modest inflow of $1.2663 million. While Ethereum’s performance remains positive, it lags compared to Bitcoin and highlights more conservative interest from institutional investors in the ETH-backed product.

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.