Stake Sweet Bonanza Banner 1150x90

BTC

$78110.039

-0.79%

ETH

$2325.926

-2.54%

XRP

$1.43

-1.19%

BNB

$638.66

-0.93%

News

Bitcoin Spot ETF Inflows Continue for 4th Day, Hitting $459 Million

2 mins mins
Prefer us on Google

Key Points:

  • Bitcoin Spot ETF Inflows surged to $459 million on October 16, driven by BlackRock’s IBIT, contributing $393 million to the total inflows.
  • Ethereum spot ETF also saw activity, with $24 million flowing into Ethereum ETFs on the same day.
On October 16, the Bitcoin spot ETF inflows saw $459M, marking four consecutive days of growth. BlackRock ETF added $393M. The Ethereum spot ETF also saw $24M inflows.
Bitcoin Spot ETF Inflows Continue for 4th Day, Hitting $459 Million

Bitcoin Spot ETF Inflows Surge Amid Growing Demand

Bitcoin Spot ETF inflows continued to see over the last four days, at $459 million on October 16. Of this number, BlackRock’s ETF, IBIT, accounted for $393 million, reflecting investor confidence in Bitcoin’s long-term potential, according to Sosovalue.

Read more: Bitcoin Spot ETF Inflows Hit $371M as BlackRock Leads

Ethereum Spot ETF Records $24 Million Inflows on October 16

Besides that, Ethereum spot ETFs also saw a net inflow of $24.2 million running parallel with the strong inflows into Bitcoin. This is indicative of increased interest in cryptocurrency-backed ETFs and further cements Ethereum’s position as one of the big players in the crypto ETF markets.

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.
4.8/5 - (274 votes)
Follow us on Google News

Bitcoin

Bitcoin Spot ETF

ETF

Ether ETF

Avatar of William

William

17 October 2024, 06:15:40 GMT +0000

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.

Other Posts: