{"id":898,"date":"2024-10-28T05:11:07","date_gmt":"2024-10-28T05:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/spot-bitcoin-etfs-attract-nearly-1-billion-inflows-marks-3-week-positive-streak-details\/"},"modified":"2024-10-28T05:11:07","modified_gmt":"2024-10-28T05:11:07","slug":"spot-bitcoin-etfs-attract-nearly-1-billion-inflows-marks-3-week-positive-streak-details","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/spot-bitcoin-etfs-attract-nearly-1-billion-inflows-marks-3-week-positive-streak-details\/","title":{"rendered":"Spot Bitcoin ETFs Attract Nearly $1 Billion Inflows, Marks 3-Week Positive Streak- Details"},"content":{"rendered":"

The US-based spot Bitcoin ETFs has produced another impressive performance in the past week recording nearly $1 billion in total inflows. Meanwhile, the spot Ethereum ETFs have struggled to maintain a positive form with outflows dominating the market in the same period.\n<\/p>\n

Spot Bitcoin ETFs Attract $3 Billion In 11 Days<\/strong><\/h2>\n

Following a splendid performance in October\u2019s third week during which the Spot Bitcoin ETFs registered $2.18 billion in market inflows, these institutional funds retained investors’ interest the following week evidenced by a total weekly inflow of $997.70 million.\u00a0 According to data from ETF tracking site SoSoValue<\/a>, the Spot Bitcoin ETFs recorded a positive netflow on all weekdays except Tuesday, October 22nd, where they experienced $79.09 million in outflows.\u00a0<\/p>\n

Meanwhile, the largest inflows came on Friday, October 25, valued at $402.08 million.\u00a0 Of this figure, The dominant BlackRock\u2019s IBIT attracted $291.96 million as its cumulative net inflows moved to $23.99 billion.\u00a0<\/p>\n

In a similar fashion, Fidelity\u2019s FBTC emerged in second place recording $56.95 million inflows, while $33.37 million was invested in Ark & 21 Shares\u2019s ARKB. Other ETFs that contributed to Friday\u2019s gain include Bitwise\u2019s BITB, Grayscale\u2019s BTC, and VanEck\u2019s HODL with respective inflows of $2.55 million, $5.92 million, and $11.34 million.\u00a0<\/p>\n

Interestingly, these positive net flows recorded on Friday mean the spot Bitcoin ETFs have now recorded over $3 billion in inflows in the last eleven trading days.\u00a0 Commenting on this development, popular crypto analyst Micha\u00ebl van de Poppe shared<\/a> the general excitement of the crypto community as such massive inflows indicate significant institutional interest in Bitcoin.\u00a0<\/p>\n

Van de Poppe said:\u00a0<\/p>\n

\n

The #Bitcoin ETF has seen an inflow of more than 3 Billion US Dollars since October 10th. 3 Billion US Dollars. That’s a strong sign that we’re about to see the big breakout for #Bitcoin to $100K.<\/p>\n<\/blockquote>\n

As of now, cumulative total net inflows for the Spot Bitcoin ETFs now stand at $21.93 billion, with their total net assets now valued at $65.25 billion which represents 4.93% of Bitcoin market shares.\n<\/p>\n

\"Spot<\/p>\n

Ethereum ETFs See Negative Returns Again\u00a0<\/strong><\/h2>\n

In other news, the struggles of the spot Ethereum ETF market persist, which saw total outflows of $24.45 million over the past week, marking their 11th week of negative returns since debuting on July 26. Total net assets for these Ethereum ETFs currently stand at $6.82 billion but with a cumulative total net outflows of $504.44 million.<\/p>\n

At press time, Bitcoin and Ethereum traded respectively at $67,077 and $2,484 following a minor decline in both assets in the past day.<\/p>\n

\"Spot<\/p>\n","protected":false},"excerpt":{"rendered":"

The US-based spot Bitcoin ETFs has produced another impressive performance in the past week recording nearly $1 billion in total inflows. Meanwhile, the spot Ethereum ETFs have struggled to maintain a positive form with outflows dominating the market in the same period. Spot Bitcoin ETFs Attract $3 Billion In 11 Days Following a splendid performance…<\/p>\n","protected":false},"author":1,"featured_media":899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[65,243,71,105,687,498,499],"class_list":["post-898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-blackrock","tag-btcusdt","tag-ethusdt","tag-fidelity","tag-spot-bitcoin-etfs","tag-spot-ethereum-etfs"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=898"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/899"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}