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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-show-increased-interest-in-bitcoin-etfs-2/" data-wpel-link="internal">Investors Show Increased Interest in Bitcoin ETFs</a> 
Recently, spot Bitcoin ETFs saw a net inflow of $192 million, indicating a growing interest in Bitcoin among investors and sustained confidence in the market. The significant inflows on October 23 particularly highlighted the substantial investments made in BlackRock’s IBIT ETF, which led the scene with a net inflow of $3.17 billion, surpassing other ETFs. 
<h2 style="text-align: justify" id="strong-differences-between-blackrock-and-grayscale-etfs-strong">Differences Between BlackRock and Grayscale ETFs</h2> 
On the same day, Grayscale’s GBTC ETF experienced no outflows; however, it has recorded a total of $20.01 billion in net outflows to date. In contrast, Grayscale’s smaller Bitcoin Mini Trust ETF achieved a total net inflow of $4.24 billion, with a modest net inflow of $4.7 million on October 23. These figures suggest that investors are largely favoring funds managed by large firms like BlackRock. 
<h2 style="text-align: justify" id="strong-impact-of-spot-bitcoin-etfs-on-the-market-strong">Impact of Spot Bitcoin ETFs on the Market</h2> 
The total asset value of spot Bitcoin ETFs reached $64.88 billion. The share of the 12 spot Bitcoin ETFs in the total market capitalization of Bitcoin increased to 4.86%. Historically, net inflows into spot Bitcoin ETFs have been recorded at $21.43 billion, indicating a growing impact of the largest <a href="https://en.coin-turk.com/rise-in-crypto-billionaires/" data-wpel-link="internal">cryptocurrency</a> on financial markets and continued interest from institutional investors. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-400111" src="https://coin-turk.com/wp-content/uploads/2024/10/Bitcoin-scaled.jpg" alt="" width="2560" height="1078"> 
This strong interest in spot Bitcoin ETFs, despite high volatility in the market, demonstrates that investor confidence in Bitcoin remains intact. The orientation of major investment firms towards this asset is seen as a sign that Bitcoin is gaining a firmer foothold in the traditional financial world. 
Current data shows Bitcoin trading at $67,041, reflecting a 0.42% increase in the last 24 hours. Nevertheless, the largest cryptocurrency has seen a slight decline of 0.25% over the past week. 
The post <a href="https://en.coin-turk.com/investors-show-increased-interest-in-bitcoin-etfs-2/" data-wpel-link="internal">Investors Show Increased Interest in Bitcoin ETFs</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Investors Show Increased Interest in Bitcoin ETFs

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