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News

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

November 13, 2024 - Around 2 mins mins to read

Key Points:

  • Bitcoin spot ETF inflows reach $818 million, marking 5 consecutive days of growth.
  • BlackRock ETF sees substantial participation in Bitcoin spot ETF inflows, signaling investor confidence.
Bitcoin Spot ETF Inflows Hit $818M as Net Inflow Streak Extends to 5 Days, with BlackRock ETF Recording $778M in Single-Day Growth.
Bitcoin Spot ETF Inflows Reach $818M Amid 5-Day Positive Streak

Bitcoin Spot ETF Inflows Surge with Record Net Growth

On the 12th, it was a great day for Bitcoin spot ETFs, with a $818 million inflow. The fifth day running of inflows is only an indication of increased investor interest in Bitcoin spot ETFs. The Blackrock ETF IBIT led the pack, adding $778 million to its net inflow on the same day. This is about increased confidence in the Bitcoin-backed financial tool as spot ETFs make serious investments.

The continued flows into Bitcoin Spot ETFs reflect the demand for crypto-backed ETFs in traditional markets. An enormous inflow by BlackRock of 778 million dollars underpins institutional support and cements Bitcoin’s position in a diversified portfolio. In fact, Bitcoin Spot ETFs have garnered constant money during these five days and are emerging as an effective asset class for the mainstream financial world, according to Sosovalue.

Read more: Bitcoin Spot ETFs Hit $1.1B Inflows, BlackRock IBIT Sets Record Turnover

Ethereum and Bitcoin Spot ETF Inflows Hit New Highs

Combined with Bitcoin, Ethereum spot ETFs reached an all-time high on November 12, recording a combined net inflow of $136 million over five consecutive days for the first time. That, according to some analysts, was a new, important milestone in crypto ETF adoption. At the core of this average, though, were single-day flows from BlackRock’s ETF, the ETHA, at $131 million alone; it propelled Ethereum’s spot ETF NAV to an amazing $9.671 billion.

The concurrent rise in both Bitcoin and Ethereum spot ETF inflows has underlined the growing confidence in crypto ETFs throughout the market. While Bitcoin spot ETFs drew in $818 million on the same day, Ethereum, through its continued inflows, demonstrated institutional interest across more digital currencies. With BlackRock leading on both Bitcoin and Ethereum ETFs, this is indeed setting the trend for broader crypto market integration with traditional financial platforms.

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

ETF

Ether 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 $818M Amid 5-Day Positive Streak

Key Points:

  • Bitcoin spot ETF inflows reach $818 million, marking 5 consecutive days of growth.
  • BlackRock ETF sees substantial participation in Bitcoin spot ETF inflows, signaling investor confidence.
Bitcoin Spot ETF Inflows Hit $818M as Net Inflow Streak Extends to 5 Days, with BlackRock ETF Recording $778M in Single-Day Growth.
Bitcoin Spot ETF Inflows Reach $818M Amid 5-Day Positive Streak

Bitcoin Spot ETF Inflows Surge with Record Net Growth

On the 12th, it was a great day for Bitcoin spot ETFs, with a $818 million inflow. The fifth day running of inflows is only an indication of increased investor interest in Bitcoin spot ETFs. The Blackrock ETF IBIT led the pack, adding $778 million to its net inflow on the same day. This is about increased confidence in the Bitcoin-backed financial tool as spot ETFs make serious investments.

The continued flows into Bitcoin Spot ETFs reflect the demand for crypto-backed ETFs in traditional markets. An enormous inflow by BlackRock of 778 million dollars underpins institutional support and cements Bitcoin’s position in a diversified portfolio. In fact, Bitcoin Spot ETFs have garnered constant money during these five days and are emerging as an effective asset class for the mainstream financial world, according to Sosovalue.

Read more: Bitcoin Spot ETFs Hit $1.1B Inflows, BlackRock IBIT Sets Record Turnover

Ethereum and Bitcoin Spot ETF Inflows Hit New Highs

Combined with Bitcoin, Ethereum spot ETFs reached an all-time high on November 12, recording a combined net inflow of $136 million over five consecutive days for the first time. That, according to some analysts, was a new, important milestone in crypto ETF adoption. At the core of this average, though, were single-day flows from BlackRock’s ETF, the ETHA, at $131 million alone; it propelled Ethereum’s spot ETF NAV to an amazing $9.671 billion.

The concurrent rise in both Bitcoin and Ethereum spot ETF inflows has underlined the growing confidence in crypto ETFs throughout the market. While Bitcoin spot ETFs drew in $818 million on the same day, Ethereum, through its continued inflows, demonstrated institutional interest across more digital currencies. With BlackRock leading on both Bitcoin and Ethereum ETFs, this is indeed setting the trend for broader crypto market integration with traditional financial platforms.

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.