Million

Spot

BlackRock

<p><strong>Key Points</strong>:</p>   
<ul class="wp-block-list">
  
 <li><em>Bitcoin Spot ETF Inflows surged to $459 million on October 16, driven by BlackRock’s IBIT, contributing $393 million to the total inflows.</em></li>   
 <li><em>Ethereum spot ETF also saw activity, with $24 million flowing into Ethereum ETFs on the same day.</em></li> 
</ul>   
<h5 class="wp-block-heading"><strong>On October 16, the Bitcoin spot ETF inflows saw $459M, marking four consecutive days of growth. BlackRock ETF added $393M. The Ethereum spot ETF also saw $24M inflows.</strong></h5>   
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 <a href="https://coincu.com/wp-content/uploads/2024/10/telegram-cloud-photo-size-5-6091271586289138801-y.jpg"><img src="https://coincu.com/wp-content/uploads/2024/10/telegram-cloud-photo-size-5-6091271586289138801-y-1024x576.jpg" alt="Bitcoin Spot ETF Inflows Continue for 4th Day, Hitting $459 Million" class="wp-image-287616"></a>
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<h2 class="wp-block-heading" id="strong-bitcoin-spot-etf-inflows-surge-amid-growing-demand-strong"><strong>Bitcoin Spot ETF Inflows Surge Amid Growing Demand</strong></h2>   
<p>Bitcoin Spot ETF inflows continued to see over the last four days, at $459 million on October 16. Of this number, BlackRock's ETF, IBIT, accounted for $393 million, reflecting investor confidence in Bitcoin's long-term potential, according to <a href="https://sosovalue.com/assets/etf">Sosovalue</a>.</p>   
<p class="has-background" style="background-color:#222222"><strong>Read more: <a href="https://coincu.com/287452-bitcoin-spot-etf-inflows-hit-371m/" target="_blank" data-type="link" data-id="https://coincu.com/287452-bitcoin-spot-etf-inflows-hit-371m/" rel="noreferrer noopener">Bitcoin Spot ETF Inflows Hit $371M as BlackRock Leads</a></strong></p>   
<h2 class="wp-block-heading" id="strong-ethereum-spot-etf-records-24-million-inflows-on-october-16-strong"><strong>Ethereum Spot ETF Records $24 Million Inflows on October 16</strong></h2>   
<p>Besides that, Ethereum spot ETFs also saw a net inflow of $24.2 million running parallel with the strong inflows into Bitcoin. This is indicative of increased interest in cryptocurrency-backed ETFs and further cements Ethereum's position as one of the big players in the crypto ETF markets.</p>   
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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Bitcoin Spot ETF Inflows Continue for 4th Day, Hitting $459 Million

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