Bitcoin ETF

Bitcoin

mini

<ul>
 <li>Bitcoin ETFs netted $252M inflow, the highest in over a month, marking seven consecutive days of gains across major funds.</li>  
 <li>BlackRock’s IBIT saw $86.83M inflow, while Grayscale's GBTC ETF lost $35.55M amid overall rising interest in Bitcoin ETFs.</li>  
 <li>Bitcoin ETFs in Hong Kong surpassed HK$2 billion, driven by a 5.9% weekly increase in total holdings to 4,450 BTC.</li> 
</ul>  
<p>Bitcoin exchange-traded funds (ETFs) experienced a <a href="https://x.com/WuBlockchain/status/1827193639543431556" target="_blank" rel="noopener noreferrer nofollow">substantial inflow</a> of capital yesterday, with $252 million flowing in, marking the highest daily inflow in over a month. This marked the seventh consecutive day of net inflows, continuing a positive trend for the cryptocurrency market. Notably, Grayscale ETFs saw mixed results, with Grayscale's mini BTC ETF gaining while the larger GBTC fund witnessed an outflow.</p>  
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<h2 class="wp-block-heading" id="h-inflows-across-major-bitcoin-etfs"><strong>Inflows Across Major Bitcoin ETFs</strong></h2>  
<p>Several major Bitcoin ETFs contributed to this uptick. BlackRock’s IBIT <a href="https://cryptonewsland.com/blackrocks-etfs-now-outshine-grayscales-a-new-era-in-crypto-funds/" rel="noopener noreferrer nofollow">fund saw an inflow</a> of $86.83 million, while Fidelity's FBTC fund recorded $63.99 million. Additionally, Grayscale's mini Bitcoin ETF registered $50.83 million in inflows, even as its larger counterpart, GBTC, experienced a $35.55 million outflow. Despite this, the total asset value for Bitcoin ETFs remains robust, highlighting investors' continued interest in the sector.</p>  
<h2 class="wp-block-heading" id="h-bitcoin-price-and-market-performance"><strong>Bitcoin Price and Market Performance</strong></h2>  
<p>Alongside these inflows, Bitcoin’s price increased by 5.14%, reaching <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">$64,203.08</a> at press time. This surge in price coincided with a rise in the 24-hour trading volume, which reached $42.58 billion, a 77.29% increase.&nbsp;</p>  
<p>The volume-to-market-cap ratio climbed to 3.38%, indicating heightened market activity. Bitcoin’s market capitalization stands at $1.27 trillion, with 94.02% of the total supply in circulation.</p>  
<h2 class="wp-block-heading" id="h-hong-kong-s-nbsp-bitcoin-etfs-nbsp"><strong>Hong Kong’s&nbsp; Bitcoin ETFs&nbsp;</strong></h2>  
<p>In Hong Kong, the <a href="https://cryptonewsland.com/hong-kongs-spot-bitcoin-etfs-attract/" rel="noopener noreferrer nofollow">total asset management scale</a> for Bitcoin ETFs has surpassed HK$2 billion ($256 million), driven by inflows of approximately 247 BTC this week.&nbsp;</p>  
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<p>The total holdings of these ETFs have grown to around 4,450 BTC, reflecting a 5.9% weekly increase. The strength of these inflows indicates rising investor confidence in Bitcoin-backed ETFs and the broader cryptocurrency sector.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-etfs-surge-with-252m-inflows/" rel="noopener noreferrer nofollow">Bitcoin ETFs Surge with $252M Inflows, Marking Largest Uptick in Over a Month</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin ETFs Surge with $252M Inflows, Marking Largest Uptick in Over a Month

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