Editor's PiCK

US Bitcoin Spot ETF Sees $6 Million Inflow

Source
Uk Jin

Summary

  • The Bitcoin spot ETF reportedly recorded a net inflow of $6 million for four consecutive trading days.
  • It was stated that BlackRock IBIT recorded a significant net inflow of $70.2 million, offsetting the net outflows of other ETFs.
  • This can be interpreted as a strong investor sentiment towards Bitcoin ETF investments.

The Bitcoin (BTC) spot exchange-traded fund (ETF) has achieved net inflows for four consecutive trading days.

On the 12th (local time), according to Farside Investor and TraderT, a total of $6 million was net inflowed into the Bitcoin spot ETF on this day.

There were net outflows from four products: Fidelity FBTC (-$11.1 million), Bitwise BITB (-$17.7 million), Invesco Galaxy BTCO (-$2.5 million), and Grayscale GBTC (-$32.9 million).

However, BlackRock IBIT recorded a net inflow of $70.2 million, offsetting the previous net outflows.

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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