DEFI

Major

Bitcoin

Billion

Spot

<ul class="wp-block-list">
 <li>Spot Bitcoin ETFs exceed $20B in inflows, driven by rising investor demand and market confidence.&nbsp;&nbsp;</li>  
 <li>BlackRock's iShares Bitcoin Trust leads the surge, with $393M daily inflows on October 16.&nbsp;&nbsp;</li>  
 <li>Bitcoin ETFs hit $20.26B as Bitcoin price climbs past $65,000, fueling strong investor interest.</li> 
</ul>  
<p>Bitcoin ETFs in the US have seen a rise in inflows, surpassing $20 billion. These funds have seen a continuous increase in investment over the past four days, with a total of $1.64 billion flowing in.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/BTC_Archive/status/1846895484377383047
 </div>
</figure>  
<p>Since the spot Bitcoin ETFs first launched on January 10 this year, they have been gaining significant traction. The world's largest asset manager, <a href="https://www.blackrock.com/corporate/global-directory" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a>, has had massive daily inflows. Inflows into BlackRock’s iShares Bitcoin Trust (IBIT) hit a <a href="https://cryptonewsland.com/bitcoin-holdings-reach-25-billion-as-blackrock-boosts-investment-by-391-8m/" target="_blank" rel="noopener noreferrer nofollow">staggering</a> $393.4 million on October 16.&nbsp;</p>  
<p>This is the largest daily inflow since July 22 when the fund received $526.7 million. BlackRock's ETF has played a significant role in fueling the rapid growth of the sector, with the company taking the lead in total inflows.</p>  
<h2 class="wp-block-heading" id="h-major-contributions-from-leading-players"><strong>Major Contributions from Leading Players</strong></h2>  
<p>Alongside BlackRock, other prominent ETF providers have also made significant contributions. These include ARK, 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, Grayscale, Bitwise, Hashdex, and <a href="https://www.franklintempleton.com/" target="_blank" rel="noopener noreferrer nofollow">Franklin Templeton</a>. Collectively, these 11 providers have propelled total inflows to the impressive $20.26 billion figure.</p>  
<p>The cumulative inflows milestone coincides with Bitcoin’s <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">price</a> surpassing $67,000, a key level market analysts had been monitoring. After briefly dipping below this level on September 30, Bitcoin has rebounded. Recent price surge and ETF inflows have been driven by increasing investor confidence in the digital asset.</p>  
<h2 class="wp-block-heading" id="h-blackrock-leads-etf-inflows"><strong>BlackRock Leads ETF Inflows</strong></h2>  
<p>BlackRock's iShares Bitcoin Trust is <a href="https://cryptonewsland.com/fidelity-and-blackrocks-bitcoin-etfs-soar-to-the-top-ten-rankings-in-just-ten-months/" target="_blank" rel="noopener noreferrer nofollow">currently the leader</a> in total inflows, with $22.4 billion accumulated. Meanwhile, Fidelity’s FBTC follows closely behind with $10.2 billion, and ARK 21Shares rounds out the top three.&nbsp;</p>  
<p>Interestingly, not all ETFs have experienced positive inflows. Both the Hashdex Bitcoin ETF (DEFI) and Grayscale’s GBTC have seen outflows this year, with DEFI experiencing $1.79 million in outflows and GBTC recording $20.1 billion in withdrawals.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-etfs-surpass-20-billion-in-inflows-as-investor/" rel="noopener noreferrer nofollow">Bitcoin ETFs Surpass $20 Billion in Inflows as Investor Confidence Grows</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin ETFs Surpass $20 Billion in Inflows as Investor Confidence Grows

Table of Contents

Crypto News Land

Other articles published on Oct 18, 2024

Rising Job Cuts: How Layoffs Are Impacting Bitcoin and Asset Classes

Bitcoin Reaches New Heights with Positive News from Fed and BlackRock

Dogecoin Risks 30% Plunge While Dogen Builds Momentum for Explosive Growth

SunPump Drives TRON’s Q3 Revenue to Record $151.2M, Fueled by Meme Coin Growth

Kenya Launches Innovative Real-Time Tax System to Track Crypto Transactions

Goatseus Maximus Price Prediction: GOAT Surges 15%, But Analysts Say This Meme Coin Staking Platf...

Join our free newsletter for daily crypto updates!