CDS Crypto News Investor Interest in Bitcoin ETFs: BlackRock Announces Reaching $3.2 Billion
Crypto News

Investor Interest in Bitcoin ETFs: BlackRock Announces Reaching $3.2 Billion

Investor interest in Bitcoin ETF is growing.

210
Investor Interest In Bitcoin Etfs: Blackrock Announces Reaching $3.2 Billion

Crypto News – This is the eighth trading day in a row that net inflows into Bitcoin ETFs have slightly increased, indicating investors’ increasing interest in these products.

Investor Interest in Bitcoin ETFs: BlackRock Announces Reaching $3.2 Billion

As reported by BitMEX Research, BlackRock IBIT is the leader of the group with a net inflow of $137 million, bringing its total to a remarkable $3.2 billion. That being said, as of press time, seven out of the ten ETFs had reported zero inflows for the day—the only day on which more than four ETFs had failed to report inflows.

Surprisingly, only Grayscale Bitcoin Trust (GBTC) has since the SEC’s spot Bitcoin approval reported outflows. Furthermore, the overall net outflows for GBTC exceeded $6 billion as its outflows tapered down to $108 million, the lowest since the first day of trade.

Net inflows of $1.5 billion, or around 33,611 BTC, have been made into the industry since the ETFs’ launch. This data shows that interest in Bitcoin ETFs is growing.

Investor Interest In Bitcoin Etfs: Blackrock Announces Reaching $3.2 Billion
Written by
lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Sui Blockchain Faces First Major Outage: What Happened and What’s Next

Sui blockchain faces its first major outage—learn what happened, the impact on...

MicroStrategy Stock Reaches New High as Bitcoin Surges Above $98,000

MicroStrategy’s stock surged to a new all-time high as Bitcoin reached $98,000,...

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana Face Resistance

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana...