Ethereum

Bitcoin

Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/spot-bitcoin-etfs-attract-significant-investment-on-monday/" data-wpel-link="internal">Spot Bitcoin ETFs Attract Significant Investment on Monday</a> 
On the first trading day of the week in the United States, spot Bitcoin ETFs drew a remarkable net inflow of $479.4 million, marking the highest daily influx since October 14. Leading the charge was BlackRock’s IBIT fund, which attracted $315.19 million, continuing its positive streak for eleven consecutive days. 
<h2 style="text-align: justify" id="strong-interest-in-spot-bitcoin-etfs-continues-strong">Interest in Spot Bitcoin ETFs Continues</h2> 
In addition to BlackRock’s IBIT fund, the ARKB fund, a collaboration between Ark and 21Shares, garnered $59.78 million, making it the second most popular ETF. Fidelity’s FBTC fund also saw a noteworthy inflow of $44.12 million. Additionally, Bitwise’s BITB and Grayscale’s Bitcoin ETFs recorded inflows of $38.67 million and $21.59 million, respectively. However, the remaining seven spot Bitcoin ETFs did not register any inflows. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-401526" src="https://coin-turk.com/wp-content/uploads/2024/10/Spot-Bitcoin-ETF-8-scaled.jpg" alt="" width="2560" height="1080"> 
This activity was supported by a total ETF trading volume that reached $3 billion on Monday, which represents an increase compared to Friday’s volume of $2.9 billion. Bitcoin rose by 4.75% in the last 24 hours to reach $71,200, the highest level since June. During this surge, Ethereum also increased by 5.11%, reaching $2,619. 
<h2 style="text-align: justify" id="strong-spot-ethereum-etfs-experience-outflows-strong">Spot Ethereum ETFs Experience Outflows</h2> 
In stark contrast to the record inflows in spot Bitcoin ETFs, spot Ethereum ETFs faced a net outflow of $1.14 million on Monday. This was a decrease from a $19.16 million outflow recorded on Friday. Grayscale’s ETHE product was notable with an outflow of $8.44 million, which was partially offset by $5.02 million in inflows to Fidelity’s FETH product and $2.28 million into BlackRock’s ETHA product. 
No other six spot Ethereum ETFs recorded any inflows. The total trading volume for the nine Ethereum ETFs decreased to $187.49 million on Monday, compared to $189.88 million on Friday. The significant interest in spot Bitcoin ETFs indicates increased investor confidence in Bitcoin, as they track movements triggered by volatility. 
The post <a href="https://en.coin-turk.com/spot-bitcoin-etfs-attract-significant-investment-on-monday/" data-wpel-link="internal">Spot Bitcoin ETFs Attract Significant Investment on Monday</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Spot Bitcoin ETFs Attract Significant Investment on Monday

Table of Contents

COINTURK NEWS

Other articles published on Oct 29, 2024

Meta Develops AI Search Engine to Compete with Google

AMA Session Announcement: GoldenCat and HTX Team Collaboration

Google Cloud Collaborates with Mantra Chain to Accelerate Blockchain Development

DOJ Charges Crypto Exchange Operator With Laundering Silk Road Proceeds

ENA Price Nears $0.50 with 15% Surge – Can It Reclaim $1 in 2024?

Hong Kong Expands Tax Incentives to Include Virtual Assets, Targeting Institutional Investors

Join our free newsletter for daily crypto updates!