Editor's PiCK
Bloomberg Analyst "Bitcoin Spot ETFs Saw $3.3 Billion Net Inflows Last Week…Cumulative Inflows Exceed $60 Billion"
Suehyeon Lee
Summary
- It reported that Bitcoin (BTC) spot exchange-traded funds (ETFs) recorded net inflows of $3.3 billion last week.
- Eric Balchunas, a Bloomberg analyst, said year-to-date inflows are $24 billion, and total cumulative inflows are $60 billion (a record high).
- He said BlackRock's IBIT and BlackRock's Ethereum spot ETF ETHA each had $10 billion in inflows over the month, ranking third and fourth among all ETFs.
Bitcoin (BTC) spot exchange-traded funds (ETFs) recorded net inflows of $3.3 billion last week.
On the 5th (local time), Eric Balchunas, a Bloomberg analyst, said on his X, "$3.3 billion flowed into Bitcoin spot ETFs last week, bringing year-to-date inflows to $24 billion and total cumulative inflows to $60 billion (a record high)."
He added, "BlackRock's IBIT and BlackRock's Ethereum spot ETF ETHA each saw $10 billion in inflows over the past month, ranking third and fourth among all ETFs."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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