<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-show-continued-interest-in-bitcoin-etfs-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Show Continued Interest in Bitcoin ETFs</a><br></p>
<p style="text-align: justify">Spot <strong><a href="https://en.coin-turk.com/us-stock-markets-continue-to-rise-amid-economic-growth-and-inflation-slowdown-hopes/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a></strong> (BTC) exchange-traded funds (ETFs) saw a net inflow of $45.6 million on Wednesday. The $45.6 million net inflow highlights Bitcoin’s sustained popularity and investors’ ongoing interest in this asset class.</p>
<h2 style="text-align: justify" id="strong-current-status-of-spot-bitcoin-etfs-strong"><strong>Current Status of Spot Bitcoin ETFs</strong></h2>
<p style="text-align: justify">BlackRock’s IBIT ETF, leading in the amount of funds held, received the largest share with a $53 million inflow. WisdomTree’s ETF followed with a $10.5 million inflow, while Grayscale’s Bitcoin Mini Trust ETF secured the third spot with a $9.7 million inflow.</p>
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-377991" src="https://coin-turk.com/wp-content/uploads/2024/08/Spot-Bitcoin-ETF.png" alt="" width="1488" height="944"></p>
<p style="text-align: justify">The inflows into ETFs managed to balance out Grayscale’s recorded outflows of $30.6 million. This situation once again demonstrated the strength of spot Bitcoin ETFs as an investment vehicle.</p>
<p style="text-align: justify">Bitcoin is currently trading at $57,159, with a limited 0.4% increase in the last 24 hours. Despite this, its current position shows a strong recovery after a significant drop at the beginning of the month, along with global <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">stock markets</a>, falling to $48,800 on August 5. This level corresponds to the lowest seen since early February.</p>
<h2 style="text-align: justify" id="strong-recovery-did-not-ease-criticisms-strong"><strong>Recovery Did Not Ease Criticisms</strong></h2>
<p style="text-align: justify">However, Bitcoin’s rapid recovery was not enough to ease the criticisms of those questioning its reliability as a store of value. Bitcoin’s behavior as a typical risky asset justifies these criticisms. Nevertheless, the fact that spot Bitcoin ETF buyers barely moved during the recent sell-off stands out as a positive development. Especially noteworthy is that no outflows were recorded in BlackRock’s IBIT ETF, supporting those who argue against the critics. For instance, financial commentator Peter Schiff predicted that ETF buyers would be among the first to flee, but no such movement has been observed yet.</p>
<p style="text-align: justify">For now, spot Bitcoin ETFs continue to gain mainstream acceptance. Banking giant Morgan Stanley recently authorized thousands of its financial advisors to offer these products to clients. This step is seen as an indicator of Bitcoin’s increasing acceptance among institutional investors.</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-show-continued-interest-in-bitcoin-etfs-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Show Continued Interest in Bitcoin ETFs</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-show-continued-interest-in-bitcoin-etfs-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Show Continued Interest in Bitcoin ETFs</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Investors Show Continued Interest in Bitcoin ETFs

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