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News

Bitcoin Spot ETF Inflows Hit $510M, Marking Six-Day Streak

November 14, 2024 - Around 2 mins mins to read

Key Points:

  • Bitcoin Spot ETF Inflows hit $510 million on November 13, led by BlackRock.
  • Consistent Bitcoin Spot ETF Inflows suggest growing institutional interest.
Bitcoin Spot ETF Inflows have reached $510 million as of November 13, marking six consecutive days of net inflows. BlackRock’s IBIT led with a $231 million inflow.
Bitcoin Spot ETF Inflows Hit $510M, Marking Six-Day Streak

Bitcoin Spot ETF Inflows Surge with Record Six-Day Streak

Bitcoin spot ETFs have continued to see heavy net inflow with 510 million dollars on Nov 13, the sixth successive day of inflow. Foremost, BlackRock’s IBIT ETF logged a single-day inflow of 231 million dollars while its cumulative inflows currently stand at as high as 29.152 billion dollars. On the same day, Fidelity’s FBTC added 186 million dollars.

Consecutive inflows into Bitcoin spot ETFs are proving that more investors are interested in Bitcoin for the long term. The continuous inflow indicates that institutional interest in the asset is still strong, with both BlackRock and Fidelity ETFs attracting huge capital. According to analysts, the reason this is happening might be due to stabilization in the wider crypto market, with spot ETFs offering a regulated entry point for mainstream investors, according to Sosovalue.

Read more: Bitcoin Spot ETF Inflows Reach $818M Amid 5-Day Positive Streak

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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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.