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Spot Bitcoin ETFs See Inflows for Fifth Day in a Row

Spot Bitcoin ETFs See Inflows for Fifth Day in a Row

HappyCoinNews2024/12/06 01:44
By: HappyCoinNews
BTC-0.50%ETH-2.36%GBTC0.00%

American spot bitcoin ETF continue to attract investor funds - in five days, the total net inflow into 12 funds exceeded $2 billion.

According to SoSoValue, on Wednesday, December 4, bitcoin ETF registered an inflow of more than $556 million.

Spot Bitcoin ETFs See Inflows for Fifth Day in a Row image 0

Inflow of funds in BTC- ETF

For the fourth day in a row, BlackRock's IBIT was the leader in terms of inflow of funds - on Wednesday, investors invested about $571,71 million in the largest fund by assets.

Bitcoin Grayscale's Mini Trust Raises Nearly $55,71 Million, Fidelity's FBTC Raises $17,27 Million, BITB ETF from Bitwise - $6,44 million.

The bullish trend has not been universal, however. Grayscale’s flagship fund GBTC has seen outflows of $94,31 million. Since its launch, it has seen a total of ETF withdrew almost $20,64 billion.

On December 4, the total trading volume of US spot currencies bitcoin ETF rose to $4,71 billion, which is significantly more than the 2,93 billion recorded the previous day.

Spot Ethereum - ETF are also recording an inflow. On Wednesday, investors poured more than $167,62 million into exchange-traded funds based on the leading altcoin. The capitalization of BlackRock's ETHA grew the most, with the fund raising about $124,35 million over the past trading day. Next came Fidelity's FETH and Grayscale's ETH with a net inflow of $40,68 million and $8,79 million. Grayscale's ETHE reported an outflow of $6,21 million. The rest of the ETH-ETH showed zero results.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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