Bitcoin ETFs Draw $524.8 Million As BlackRock And Fidelity Lead
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Bitcoin ETFs Draw $524.8 Million As BlackRock And Fidelity Lead
TL;DR: US spot Bitcoin ETFs attracted $524.8 million on October 21, according to Farside Investors. BlackRock and Fidelity supplied most of the inflow, extending a three-session run of net buying. Bitcoin’s US exchange-traded funds recorded another half-billion-dollar session on Wednesday, with buying spread across more issuers than during the start of the week. Farside Investors’ daily table puts October 21 net inflows at $524.8 million. BlackR…
Bitcoin ETFs in the United States captured $528.40 million on Wednesday and accumulated close to $1.08 billion in three sessions. Eight funds ended the day with tickets, while others also returned to positive ground and other crypto products recorded favorable movements.
Spot Bitcoin ETFs in the US saw net inflows exceeding $1 billion in three trading days. Ethereum ETFs also ended a five-day outflow streak. The majority of Bitcoin purchases were concentrated in BlackRock and Fidelity funds.
BlackRock and Fidelity Drive Bulk of $528 Million Inflows Into Bitcoin ETFs
TL;DR ETF Inflows: Bitcoin ETFs recorded $528.4 million in net inflows Wednesday, led by BlackRock’s IBIT with $235 million and Fidelity’s FBTC with $212.7 million. Institutional Demand: Bitcoin funds have attracted more than $1 billion in three sessions this week despite subdued Bitcoin volatility and cautious market conditions. Market Outlook: Analysts say Bitcoin ETFs are ...
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