31 C
Guangzhou
Wednesday, July 24, 2024
BitcoinBitcoin Spot ETFs Continue to Experience 15 Consecutive Days of Inflows

Bitcoin Spot ETFs Continue to Experience 15 Consecutive Days of Inflows

- Advertisement -spot_imgspot_img
- Advertisement -spot_imgspot_img

Bitcoin spot ETFs are gaining momentum, with consistent inflows for fifteen consecutive days, according to data from analytics platform Sosovalue. While Grayscale’s GBTC experienced no net outflows per day, Fidelity’s Bitcoin ETF saw significant inflows, with approximately $77.0482 million. Bitwise’s BTC ETF also received inflows, with BITB seeing $14.3145 million. Despite the strong performance of Fidelity and Bitwise, Grayscale’s flat status suggests a decline in market demand. However, the overall boost in ETF inflows indicates a promising future for the market, leading to increased hype around the ETF sector.

Additional data from on-chain analytics provider Lookonchain reveals that nine ETFs collectively added 2,413 BTC tokens, equivalent to $166 million. Grayscale’s GBTC decreased by 12 BTC, amounting to -$809K. Currently, GBTC holds approximately 286,957 BTC, valued at around $19.75 billion. Blackrock also made additions, acquiring 2,505 BTC, totaling $172.4 million. The ETF now holds 291,563 BTC, equivalent to $20.07 billion. Fidelity added 87 BTC, bringing its total holdings to 164,118 BTC.

Overall, the Bitcoin spot ETFs are experiencing positive inflows, indicating a promising future for the market.

- Advertisement -spot_imgspot_img
Latest news
- Advertisement -spot_img
Related news
- Advertisement -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here