Editor's PiCK
US Bitcoin Spot ETF Sees $260 Million Inflows...For Three Consecutive Trading Days
Summary
- $260.27 million has flowed into US Bitcoin spot ETFs, marking three consecutive trading days of net inflows.
- BlackRock's 'IBIT' and Fidelity's 'FBTC' are leading the investment flow with net inflows of $130 million and $67.9492 million, respectively.
- Bitcoin's trading price is around $103,500 on the Binance Tether market, down 0.3% from the previous day.
Investment demand for US Bitcoin (BTC) spot exchange-traded funds (ETFs) is surging again.
According to Sosovalue data on the 16th (local time), $260.27 million has flowed into Bitcoin spot ETFs traded in the US. This marks three consecutive trading days of net inflows.
The ETF that attracted the most funds was 'IBIT' managed by BlackRock. IBIT's net inflow amounted to $130 million. Since its launch, IBIT has consistently maintained the highest inflow among US Bitcoin spot ETFs. The next product was 'FBTC' managed by Fidelity, with a daily net inflow of $67.9492 million. The cumulative net inflow so far amounts to $11.595 billion.
Meanwhile, Bitcoin is trading at around $103,500 on the Binance Tether (USDT) market, down 0.3% from the previous day.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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