Revive

Bitcoin

Spot

BlackRock

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-revive-interest-in-spot-bitcoin-etfs-with-significant-inflows/" data-wpel-link="internal">Investors Revive Interest in Spot Bitcoin ETFs with Significant Inflows</a> 
According to <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> tracked by Trader T, spot Bitcoin exchange-traded funds (ETFs) attracted a significant net inflow of $28.75 million on September 9, breaking the previous eight-day net outflow streak. This shift indicates that investor interest in Bitcoin-related ETFs might be reigniting despite outflows from major players like BlackRock and Grayscale. 
<h2 style="text-align: justify" id="strong-current-status-of-spot-bitcoin-etfs-strong">Current Status of Spot Bitcoin ETFs</h2> 
While the overall trend is positive, certain ETFs show highly varied performances. BlackRock’s IBIT ETF saw a net outflow of $8.99 million, while Grayscale’s GBTC continued its outflow trend with a net outflow of $22.76 million. Grayscale’s mini Bitcoin ETF remained flat, reporting no net flow throughout the day. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-387762" src="https://coin-turk.com/wp-content/uploads/2024/09/post-bitcoin-etf.png" alt="" width="1917" height="934"> 
In contrast, other ETFs recorded significant inflows, contributing to the overall positive net flow. Fidelity’s FBTC led the inflows with a net $28.6 million, followed by Bitwise’s BITB with a net inflow of $21.99 million. ARK Investment’s ARKB ETF also reported a net inflow of $6.81 million. Invesco’s BTCO ETF added $3.1 million to the inflow tally. 
Other ETFs, including Franklin’s EZBC, Valkyrie’s BRRR, Van Eck’s HODL, and Wisdomtree’s BTCW, did not report any significant inflows or outflows. 
<h2 style="text-align: justify" id="strong-interest-in-spot-bitcoin-etfs-may-be-rising-again-strong">Interest in Spot Bitcoin ETFs May Be Rising Again</h2> 
The net fund inflow after eight challenging trading days of consistent outflows indicates renewed interest in spot Bitcoin ETFs. This situation reflects varying investor sentiment across different funds, with some <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> pulling money from traditional heavyweights like BlackRock and Grayscale and turning to smaller or less conventional funds. 
The highly volatile performance among various spot Bitcoin ETFs mirrors the general uncertainty in the <a href="https://en.coin-turk.com/turkish-treasury-and-finance-minister-announces-final-stage-of-crypto-regulation-technical-work/" data-wpel-link="internal">cryptocurrency market</a> as investors consider macroeconomic factors, regulatory developments, and Bitcoin’s recent price movements. Nonetheless, the overall positive net flow is significant as it suggests a growing appetite for investing in BTC through ETFs. 
Along with these developments, Bitcoin’s price has risen by 3.78% in the last 24 hours, trading at $56,900. Experts and market observers believe that if the inflows into ETFs continue, the largest cryptocurrency could challenge the $60,000 level again. 
The post <a href="https://en.coin-turk.com/investors-revive-interest-in-spot-bitcoin-etfs-with-significant-inflows/" data-wpel-link="internal">Investors Revive Interest in Spot Bitcoin ETFs with Significant Inflows</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Investors Revive Interest in Spot Bitcoin ETFs with Significant Inflows

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