Bitcoin ETFs See Net Inflow of $94.3 Million Amid Market Volatility
The U.S. Bitcoin spot ETF saw a net inflow of $94.3 million yesterday, according to Farside Investors monitoring. The inflows were distributed among several ETFs, with BlackRock IBIT experiencing a net outflow of -$2.44 billion, while Fidelity FBTC saw a net inflow of +$1.76 billion. Bitwise BITB had a net inflow of +$4.6 million, ARK ARKB saw a net inflow of +$193.7 million, and VanEck HODL had a net outflow of -$7.7 million. Grayscale GBTC experienced a net outflow of -$33.3 million, while Grayscale Mini BTC had a net inflow of +$5.6 million.
This net inflow indicates a growing interest in Bitcoin among investors, despite recent market volatility. The inflows were distributed among various ETFs, suggesting a diverse range of investment strategies. The net outflows from some ETFs, such as BlackRock IBIT and Grayscale GBTC, may indicate investors reallocating their portfolios or taking profits.
The inflows into Bitcoin ETFs come as the cryptocurrency market continues to rebound from recent lows. The market has seen a series of pullbacks and price action, but investors appear to be taking advantage of these opportunities to accumulate Bitcoin. The inflows also suggest that investors are looking to diversify their portfolios and gain exposure to the cryptocurrency market.
The inflows into Bitcoin ETFs also come as the broader market continues to rebound. The market has seen a series of pullbacks and price action, but investors appear to be taking advantage of these opportunities to accumulate Bitcoin. The inflows also suggest that investors are looking to diversify their portfolios and gain exposure to the cryptocurrency market.
The inflows into Bitcoin ETFs come as the broader market continues to rebound. The market has seen a series of pullbacks and price action, but investors appear to be taking advantage of these opportunities to accumulate Bitcoin. The inflows also suggest that investors are looking to diversify their portfolios and gain exposure to the cryptocurrency market.
