Bitcoin

Giant

Spot

Daily

BlackRock

<p>US spot Bitcoin ETFs reported a massive net inflow of $870 million on Tuesday, their largest single-day inflows since early June.</p>
<h3 id="blackrock-s-ibit-posts-largest-daily-inflow-for-us-spot-bitcoin-etfs-since-june">BlackRock's IBIT Posts Largest Daily Inflow for US Spot Bitcoin ETFs Since June</h3>
<p>BlackRock's IBIT ETF recorded net inflows of $642.87 million, the highest in more than seven months.</p>
<p>The IBIT ETF also reached $3.36 billion on Tuesday, its highest daily trading volume since March 14.</p>
<p>Other major spot bitcoin ETFs saw notable inflows:</p>
<ul>
 <li>Fidelity's FBTC: $133.86 million</li>
 <li>Bitwise's BITB: $52.49 million</li>
 <li>VanEck's HODL: $16.52 million</li>
 <li>Ark and 21Shares’ ARKB: $12.39 million</li>
</ul>
<p>The remaining five spot Bitcoin ETFs reported no inflows, bringing the total trading volume of the 12 ETFs to $4.75 billion, up from $3 billion on Monday.</p>
<h3 id="analyst-comments-on-ibit-s-volume-increase">Analyst Comments on IBIT's Volume Increase</h3>
<p>Bloomberg ETF senior analyst Eric Balchunas commented on the unusual increase in IBIT’s trading volume. In a post on X, Balchunas noted that ETF trading volumes typically increase during market declines or crises.</p>
<p>However, he suggested that the current volatility could be driven by FOMO (fear of missing out) as Bitcoin prices surge.</p>
<p>“Given the price increase over the last few days, my guess is that it is the latter, We expect larger inflows this week, we will see though!” Balchunas wrote.</p>
<p>Bitcoin's price rose 2.21% in the past 24 hours to $72,471 after reaching $73,600 on Tuesday. Ethereum also gained 1.02% to $2,643.</p>
<h3 id="ethereum-etfs-record-positive-flows">Ethereum ETFs Record Positive Flows</h3>
<p>On the Ethereum side, spot Ethereum ETFs reported net inflows of $7.65 million on Tuesday. The standout performer was BlackRock’s ETHA, which attracted $13.62 million in new investments.</p>
<p>Meanwhile, Grayscale’s ETHE saw $5.97 million in outflows, while the other seven Ethereum ETFs recorded no activity. Total trading volume across the nine Ethereum ETFs rose to $280.55 million from $187.49 million on Monday.</p>
<p>*This is not investment advice.</p>
<p><b> Continue Reading: <a href="https://en.bitcoinsistemi.com/blackrock-wind-in-us-spot-bitcoin-etfs-giant-company-recorded-entry-here-are-the-details/" rel="noopener noreferrer nofollow">BlackRock Wind in US Spot Bitcoin ETFs! Giant Company Recorded Entry! Here Are the Details</a></b></p>

BlackRock Wind in US Spot Bitcoin ETFs! Giant Company Recorded Entry! Here Are the Details

Table of Contents

Bitcoin Sistemi EN

Other articles published on Oct 30, 2024

BlackRock Bitcoin ETF breaks $30B; US ETFs set to hit 1M BTC holdings

Is it Too Late to Buy Shiba Inu? SHIB Jumps 6% as Meme Coins Rally But Flockerz Can Pump Higher

3 Solana Tokens Worth Watching in Q4 2024

Bitcoin ETF Trading Volume Reaches Record Highs in the U.S.

Analytics Company Reveals What to Watch in Bitcoin and Cryptocurrencies in the Days Ahead

Will CFX Price Reclaim $0.50? Fibonacci level Breakout Signals Major Recovery

Join our free newsletter for daily crypto updates!