Bitcoin ETF

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-increase-capital-in-spot-bitcoin-etfs/" data-wpel-link="internal">Investors Increase Capital in Spot Bitcoin ETFs</a><br></p>
<p style="text-align: justify">On May 29, 2024, significant activity was observed in the Spot <a href="https://en.coin-turk.com/bitcoin-advocate-sees-positive-impact-from-ethereum-etf-approval/" data-wpel-link="internal">Bitcoin</a> Exchange-Traded Funds (ETF) market, with several companies experiencing substantial capital inflows. Overall, companies collectively received a significant net investment of $28.3 million. This figure demonstrated the growing investor interest in financial products related to Bitcoin.</p> 
<h2 style="text-align: justify" id="spot-bitcoin-etfs">Spot Bitcoin ETFs</h2> 
<p style="text-align: justify"><strong>Blackrock</strong>‘s IShares stood out with a notable inflow of $25 million among various companies. This significant investment showed <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>‘ confidence in Blackrock’s Bitcoin ETF offerings.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-357538 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/etf-4.png" alt="" width="1613" height="799"></p> 
<p style="text-align: justify"><strong>Fidelity</strong> also experienced a significant fund flow, receiving $18 million. This indicated that Fidelity’s Spot Bitcoin ETF attracted considerable investor interest and further solidified Fidelity’s reputation as a reliable institution in the financial sector.</p> 
<p style="text-align: justify">Bitwise closely followed with an inflow of $11 million. Bitwise is known for its innovative approach to cryptocurrency investments, and this inflow reaffirms its position in the market. ArkShares received a more modest but notable investment of $4 million. Although smaller compared to Blackrock and Fidelity, this inflow indicates steady interest in ArkShares’ Bitcoin ETF offerings and reflects a diverse investment environment.</p> 
<h2 style="text-align: justify" id="grayscale-experienced-outflows">Grayscale Experienced Outflows</h2> 
<p style="text-align: justify">Invesco and WisdomTree also saw positive inflows. Invesco received $1 million, and WisdomTree received $1.1 million. In contrast, Grayscale’s Bitcoin Trust (GBTC) faced a significant outflow with investors withdrawing $31 million. This outflow likely highlights a shift in investor preference away from Grayscale’s products due to market dynamics or competition from other ETF providers.</p> 
<p style="text-align: justify">Meanwhile, Franklin, Valkyrie, and VanEck did not receive new investments. Consequently, on May 29, 2024, the Spot Bitcoin ETF market saw significant activity with substantial investments in several major companies. Blackrock, <strong>Fidelity</strong>, and Bitwise were the primary beneficiaries of this influx, while Grayscale experienced notable outflows.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-increase-capital-in-spot-bitcoin-etfs/" data-wpel-link="internal">Investors Increase Capital in Spot Bitcoin ETFs</a></h5>

Investors Increase Capital in Spot Bitcoin ETFs

Table of Contents

COINTURK NEWS

Other articles published on May 30, 2024

Bybit’s EUR Zero Fees Fiesta Campaign Triggered A Surge In EUR Trading Volume

Google Announces $2 Billion Investment in Malaysia To Build Data Center and Cloud Hub

JPMorgan Analysts Predict Limited Interest in Spot Ethereum ETFs

Celebrity Meme Coins Flood the Crypto Market

Top Altcoins Under $1 Other Than XRP & ADA to Look at Before the Next Bullish Wave

Bitcoin Mining Pool Backed by Jack Dorsey Establishes Base in El Salvador

Join our free newsletter for daily crypto updates!