Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

On October 2, cumulative inflows into Bitcoin ETFs surpassed the $47 billion mark, driven primarily by gains in iShares Bitcoin Trust (IBIT), Grayscale Bitcoin Trust (GBTC), Fidelity Wise Origin Bitcoin Fund (FBTC), and ARK 21Shares Bitcoin ETF (ARKB). 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img fetchpriority="high" decoding="async" width="656" height="492" src="https://www.cryptotimes.io/wp-content/uploads/2024/10/Bitcoin-ETF-Net-Inflows-on-Oct-1.png" alt="Bitcoin ETF Net Inflows on Oct 1" class="wp-image-204424">
 <figcaption class="wp-element-caption">
 Source: <a href="https://www.coinglass.com/bitcoin-etf" target="_blank" rel="noreferrer noopener nofollow">Coinglass</a>
 </figcaption>
 </figure>
</div> 
At the time of writing, the total market capitalization of Bitcoin ETFs stands at approximately $59.03 billion, with a total AUM (Assets Under Management) of $50.39 billion, according to <a href="https://www.coinglass.com/bitcoin-etf" target="_blank" rel="noreferrer noopener nofollow">Coinglass</a>.&nbsp; 
IBIT’s price is around $35.13, with a total market cap of approximately $22.55 billion, a turnover rate of 6.89%, and an expense ratio of 0.25%, making it the largest Bitcoin ETF. 
On the other hand, GBTC is priced at about $49.12, with a market capitalization near $13.65 billion, a turnover rate of 1.5%, and an expense ratio of 1.5%.&nbsp; 
As the Israel-Iran conflict has intensified after Iran’s ballistic missile attack on Israel, Bitcoin price is feared to slip below $60,000 after a 6.05% drop in its value. At the time of writing, Bitcoin’s price revolves around $61,205.43 with around a 4% drop in the last 24 hours, with a total market cap of $1.2 billion. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Read Also: <a href="https://www.cryptotimes.io/2024/09/23/spot-bitcoin-etfs-buy-double-mined-btc-price-gain-by-9/" target="_blank" rel="noreferrer noopener">Spot Bitcoin ETFs Buy Double Mined BTC, Price Gain by 9%</a> 
</blockquote>

Bitcoin ETFs’ Total Inflows Surpass the $50 Billion Mark

The Crypto Times

Other articles published on Oct 2, 2024

Bitwise XRP ETF Proposal Sparks Bullish Outlook: Rally Ahead?!

Stock Exchange: Paris Declines Amid Political Doubts And Economic Uncertainties.

Bitcoin’s Price Drops Below $62,000

MicroStrategy Acquires 7,420 More Bitcoin, Bringing Total Holdings to 252,220 BTC

Boost Your Bitcoin Portfolio! Rainbow Chart Indicates It’s Time to Buy BTC

Is the Bitcoin Price in Danger of Dropping to $42K? Here’s a Worrying Scenario

Join our free newsletter for daily crypto updates!