Spot Bitcoin ETFs Attract $2.11B in Inflows Over Past 5 Days as Interest Remains Strong
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Spot Bitcoin ETFs have attracted $2.11 billion in net inflows over the past five trading days, suggesting the continued strong interest in the asset class.
According to data from SoSo Value, the funds saw a daily net inflow of $470.48 million on October 17 alone.
The cumulative activity has brought total inflows to a record $20.66 billion.
BlackRock’s Bitcoin ETF (IBIT), trading on NASDAQ, attracted a net inflow of $309 million on October 17, making it one of the largest contributors to the total daily inflow for Bitcoin ETFs.
BlackRock’s ETF remains a significant player in the Bitcoin ETF space, boasting total net assets of $25.79 billion.
Other key ETFs, such as Grayscale’s Bitcoin Trust (GBTC), saw a smaller net inflow of $45.7 million on the same day, despite having a cumulative outflow of $20.10 billion overall.
Fidelity’s Bitcoin ETF (FBTC), listed on CBOE, also recorded $11.69 million in net inflows, contributing to its cumulative total of $10.29 billion in net assets.
On October 17, the total net inflow of Bitcoin spot ETFs was $470 million. The inflow of BlackRock ETF IBIT was $309 million. Ark Invest and 21Shares' ETF ARKB had a net inflow of $100 million. Ethereum spot ETF inflow was $48.4 million. https://t.co/59u0BnEqLG
Likewise, Ethereum ETFs recorded a daily net inflow of $48.41 million, signaling a resurgence of investor interest in the asset.
BlackRock’s Ethereum ETF (ETHA), traded on NASDAQ, stood out with a net inflow of $23.56 million.
Grayscale’s Ethereum Trust (ETHE), trading on the NYSE, saw a smaller but
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